In Re Sunshine Books, Ltd.

OPINION

EMIL F. GOLDHABER, Chief Judge:

In resolving two motions for relief from the automatic stay, the predominant issue arising under one motion is whether a bank which lent the debtor funds in conjunction with a security agreement containing a future advance clause is secured on indebtedness subsequently arising from the debt- or's overdraft of its checking account in a collapsing check kiting scheme. The issue under the other motion is simply whether we should grant the requested relief. For the reasons stated herein, on the first motion we find that under the facts of this case the…