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IN RE INCOME PROPERTY BUILDERS, INC.

BAP No. 80-0007-KLH, Bankruptcy No. 80-003Y, Adv. No. 80-0036Z.

8 B.R. 304 (1980)

In re INCOME PROPERTY BUILDERS, INC., Debtor. ARMEL LAMINATES, INC., Appellant, v. The LOMAS & NETTLETON COMPANY, Appellee.

United States Bankruptcy Appellate Panels of the Ninth Circuit.

Decided September 9, 1980.

Attorney(s) appearing for the Case

Jack C. Warner, Warner & McCauley, Phoenix, Ariz., for appellant.

Richard Lee, Murphy & Posner, Phoenix, Ariz., for appellee.

Before KATZ, LASAROW and HUGHES, Bankruptcy Judges.

OPINION

PER CURIAM:

Appellant appeals from orders denying appellant's Motion to Intervene and Motion to Reinstate Stay.

Appellee, Lomas & Nettleton Co., pursuant to a complaint filed against the debtors, obtained relief from the automatic stay imposed by 11 U.S.C. § 362, thereby permitting appellee to proceed with its foreclosure action against the property of the debtor, a condominium project. The complaint named only the debtor as a defendant...

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