In Re Lafayette Radio Electronics Corp.
United States Bankruptcy Court, E.D. New York
1Opinion of the Court
C. ALBERT PARENTE, Bankruptcy Judge.
Through a series of lease arrangements, on March 27, 1970, Lafayette Radio Electronics Corp. (hereinafter “debtor”) became a subtenant of Haur Associates, Inc. (hereinafter “Haur”). Earl Equities, Inc., the prime lessee, defaulted in late 1975. Haur subsequently commenced a proceeding in the courts of the State of New York in 1977 against the debtor and the other parties to the lease arrangements. Since that time, the state court action has not gone forward, even to the discovery stage.
On April 21, 1980, the debtor moved in this Court by order to show cause…
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