In Re North Carver Pine Corp.

MEMORANDUM

JAMES N. GABRIEL, Chief Judge.

North Carver Pine Corporation (“North Carver” or the “Debtor”) filed a Chapter 11 petition on September 30, 1986. Almost immediately thereafter, on October 3, 1986, South Shore Bank (“South Shore” or the “Bank”) filed a Motion for Relief from the Automatic Stay. South Shore holds valid and perfected security interests in virtually all of the Debtor’s real and personal property. 1 The Debtor does not contest the validity of the Bank’s interests. The Court conducted a trial on the Bank’s Motion, which trial commenced on October 30, 1986 and concluded on…