First Connecticut Small Business Investment Co. v. Clark Technical Associates, Ltd. (In Re Clark Technical Associates, Ltd.)

DECISION ON APPLICATION TO LIFT AUTOMATIC STAY

HOWARD SCHWARTZBERG, Bankruptcy Judge. *

The debtor in this Chapter 11 case affirmatively asserts its lack of equity in the property in question as a reason for continuing the automatic stay under Code § 362 on the novel theory that the difference between the secured debt and the value of the property is so great that the secured creditor does not have anything to lose by a continuance of the stay.

FINDINGS OF FACT

1.On Juné 6, 1980, an involuntary petition for relief under Chapter 7 of the Bankruptcy Code was filed against the above-named debtor. An…