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IN RE HAWAII PAC. PACKAGE STORE, INC.

Bankruptcy No. 80-0017.

4 B.R. 502 (1980)

In re HAWAII PACIFIC PACKAGE STORE, INC., a Hawaii Corporation, Debtor. HAWAII NATIONAL BANK, HONOLULU, Plaintiff, v. HAWAII PACIFIC PACKAGE STORE, INC., a Hawaii Corporation; Ernest J. Jackson; Pearl Jackson; G. Douglas Fairhurst; Martha Fairhurst; Oceanside Properties, Inc.; Terrance Clarence Greenen; United States of America; and Department of Taxation, State of Hawaii, Defendants.

United States Bankruptcy Court, D. Hawaii.

April 3, 1980.

Attorney(s) appearing for the Case

Emmet T. White, Jr., Honolulu, Hawaii, for Hawaii National Bank, Honolulu.

James N. Duca, Honolulu, Hawaii, for Oceanside Properties, Inc.

Edwin L. Doernberger, Honolulu, Hawaii, for Ernest J. Jackson and Pearl Jackson.

Bradley A. Coates, Honolulu, Hawaii, for Terrance Clarence Greenen.

Allan S. Chock, Honolulu, Hawaii, for Dept. of Taxation, State of Hawaii.

G. Douglas Fairhurst, for Hawaii Pac. Package Store.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JON J. CHINEN, Bankruptcy Judge.

A Complaint seeking Relief from Stay was filed on March 13, 1980. A preliminary hearing was held on March 31, 1980.

Based upon the memoranda, the records herein, and the arguments of counsel, the Court makes the following Findings of Fact and Conclusions of Law:

FINDINGS OF FACT

1. On April 19, 1978, Plaintiff filed a Complaint in the Circuit Court of the First...

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