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IN RE KEYPORT SUMMIT, INC.

Bankruptcy Nos. 81 K 1164, 81 K 1165.

12 B.R. 103 (1981)

In re KEYPORT SUMMIT, INC., a Colorado corporation; Summit Skiwear; Wintersport, Ltd., Debtors. Alan CHARNES, Executive Director, Department of Revenue, State of Colorado, Plaintiff, v. KEYPORT SUMMIT, INC., a Colorado corporation; Summit Skiwear; Wintersport, Ltd., Defendants. KEYPORT SUMMIT, INC., a Colorado corporation, Plaintiff, v. Alan CHARNES, Director, Colorado Department of Revenue; Bank of Breckenridge; First City Bank of Dallas, Texas, Defendants.

United States Bankruptcy Court, D. Colorado.

June 24, 1981.

Attorney(s) appearing for the Case

Sidney B. Brooks, Smart, DeFurio & Brooks, Denver, Colo., for Keyport Summit, Inc.

Billy Shuman, Sp. Asst. Atty. Gen., Denver, Colo., for Alan Charnes.

Norman D. Haglund, Kelly, Haglund, Garnsey & Kahn, Denver, Colo., for First City Bank of Dallas, Texas.

Brian Muldoon, Holland & Hart, Denver, Colo., for Bank of Breckenridge.

Robert B. Rottman, Denver, Colo., for the Creditors' Committee.

MEMORANDUM AND ORDER CONTINUING STAY, INJUNCTION, AND ORDER FOR ADEQUATE PROTECTION FOR USE OF CASH COLLATERAL

GLEN E. KELLER, Jr., Bankruptcy Judge.

The Court has before it two complaints which were combined for trial. The first complaint seeks relief from the automatic stay imposed by 11 U.S.C. § 362 to permit the State of Colorado, Department of Revenue, to sell, pursuant to distraint warrants, certain property...

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