Cash Register Systems, Inc. v. Munsey Corp. (In Re Munsey Corp.)

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

The plaintiff, Cash Register Systems, Inc. [hereinafter referred to as CRS], seeks relief from the automatic stay provisions of 11 U.S.C. § 362 (1979) 1 in order to reclaim property of the debtor in possession. For reasons hereinafter given, we conclude CRS is not entitled to a modification of the stay. 2

In August, 1978, CRS sold an electronic cash register system to the debtor. 3 The parties executed a security agreement which authorized the filing of a financing statement necessary to perfect CRS’s security interest in the cash register system…