Leverett Co. v. Arthur A. Everts Co. (In Re Arthur A. Everts Co.)

MEMORANDUM OPINION

ROBERT C. McGUIRE, Bankruptcy Judge.

In this Chapter 11 proceeding involving the debtor, Arthur A. Everts Co. (hereinafter referred to as “Debtor”), a retail jeweler, the complainants, The Leverett Co. and Harold Freeman Jewelry Co. (hereinafter referred to as “Leverett” and “Freeman,” or “Plaintiffs”), filed a motion to lift stay against Debtor, and an adversary complaint against First National Bank of Eu-less (hereinafter referred to as “Bank”) asserting that as consigning suppliers to debt- or, they had a superior lien position to that of Bank. Plaintiffs alleged…