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IN RE PARADISE BOAT LEASING CORP.

Bankruptcy No. 79-00007.

5 B.R. 822 (1980)

In re PARADISE BOAT LEASING CORP., Debtor. BAMERICAL MORTGAGE & FINANCE COMPANY, INC., Plaintiff, v. PARADISE BOAT LEASING CORP., Defendant.

District Court, Virgin Islands, D. St. Thomas and St. John.

July 21, 1980.

Attorney(s) appearing for the Case

Frederick D. Rosenberg, Charlotte Amalie, St. Thomas, V.I., for plaintiff.

Arnold M. Selke, Charlotte Amalie, St. Thomas, V.I., for defendant.

OPINION

CHRISTIAN, Chief Judge.

This matter is an appeal from an Order of the Bankruptcy Court granting secured creditor Bamerical Mortgage & Finance Company, Inc.'s application for relief from the automatic stay imposed under 11 U.S.C.A. § 362(a). Bamerical seeks to enforce its lien against the yacht Solo, a vessel owned and operated by appellant-debtor Paradise Boat Leasing Corp. At issue is the Bankruptcy Court's determination that regardless...

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