In Re Pine Lake Village Apartment Co.

DECISION ON MOTION FOR REARGUMENT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The debtor in this Chapter 11 case seeks reargument of this court’s decision, 19 B.R. 819 (Bkrtcy.Ct.), dated April 23, 1982 granting the first mortgagee’s request for relief from the automatic stay imposed under 11 U.S.C. § 362. Alternatively, the debtor requests that the stay be continued pending its appeal. The facts were stated in this court’s previous decision, and will not be repeated here. However, the debtor correctly notes that this court did not consider its alternative plan of reorganization that it filed…