L.B.G. Properties, Inc. v. Chisholm Realty Co. (In Re L.B.G. Properties, Inc.)

ORDER ON DEBTOR’S EMERGENCY MOTION

THOMAS C. BRITTON, Bankruptcy Judge.

This chapter 11 debtor’s Emergency Motion for Order Enforcing or Clarifying Automatic Stay Under § 362 was heard on August 8.

The debtor, plaintiff in this adversary proceeding, seeks an order restraining the defendant Chisholm from presenting and the defendant bank from honoring a letter of credit which the debtor gave to Chisholm, before bankruptcy, as additional collateral together with a junior mortgage, to secure a debt. The debtor, in this adversary proceeding, against the same parties, seeks a determination of the…