Associates Commercial Corp. v. SEL-O-RAK Corp. (In Re SEL-O-RAK Corp.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JOSEPH A. GASSEN, Bankruptcy Judge.

INTRODUCTION

This cause came on for trial before the Court on Plaintiff ASSOCIATES COMMERCIAL CORPORATION’S Complaint for Relief from Stay and to permit Plaintiff to replevy property of the Debtor in which Plaintiff allegedly has a valid security interest. The Plaintiff’s Application for Adequate Protection and the Plaintiff’s Motion for Rehearing addressed to this Court’s Order of April 8, 1982, entitled Order on Motion of Debtor in Possession for Authority to Use Cash Proceeds, Etc., were pending at the time of the…