In re Hillebrand Metal Works, Inc.

MEMORANDUM OPINION

FREDERICK J. HERTZ, Bankruptcy Judge.

I

This proceeding arises from a motion of U.I.P. Engineered Products Corporation (“UIP”) for relief from the Section 362 automatic stay. 11 U.S.C. § 362 (Supp. V 1981). C.T.R., Inc. (“CTR”) as debtor-in-possession, LaSalle National Bank, as trustee of certain premises, and A.P. Machine and Development, Ltd. object to UIP’s motion. The issue before this court is whether UIP has an interest in the property in issue (cranes) sufficient to warrant relief from the stay.

II

CTR was the subtenant of UIP of certain premises owned by LaSalle National…