Legal Opinion

In re Pegasus Agency, Inc.

United States Bankruptcy Court, S.D. New York

Decided October 4, 1995No. Bankruptcy No. 94-B-22199PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM DECISION GRANTING MOTION TO LIFT THE AUTOMATIC STAY

ADLAI S. HARDIN, Jr., Bankruptcy Judge.

Secured creditor Nicholas Grammatikakis a/k/a Nicholas Grammas (“Grammas”) moves for an order pursuant to 11 U.S.C. § 362(d)(1) and (2) lifting the automatic stay in order to permit Grammas to conduct a sale of a parcel of real property belonging to the Debtor in accordance with a judgment of foreclosure. The petition under Chapter 11 in this case was filed on December 22, 1994.1 To resolve issues of fact in this motion relating to the value of the property and the prospects for a plan of…

2Cases cited13 opinions

United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
Barclays Bank of New York, N.A. v. Saypol (In Re Saypol)United States Bankruptcy Court, S.D. New York · 1983
In Re Diplomat Electronics Corp.United States Bankruptcy Court, S.D. New York · 1988
In Re New Era Co.District Court, S.D. New York · 1991
Travelers Life & Annuity Co. v. Ritz-Carlton of D.C., Inc. (In Re Ritz-Carlton of D.C., Inc.)District Court, S.D. New York · 1989

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3Cited by1 opinion

In Re Pegasus Agency, Inc., Debtor. Pegasus Agency, Inc. v. Nicholas Grammatikakis, Also Known as Nicholas GrammasCourt of Appeals for the Second Circuit · 1996