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IN RE BBT

Bankruptcy No. 80-00815, Adv. No. 81-0007.

11 B.R. 224 (1981)

In re BBT, a Nevada limited partnership, Debtor. The PROVIDENT BANK, Agent, an Ohio banking corporation, Plaintiff, v. BBT, a Nevada limited partnership, Defendant.

United States Bankruptcy Court, D. Nevada.

May 8, 1981.

Attorney(s) appearing for the Case

Harvey S. Schochet and Michael J. Lawson, of Steefel, Levitt & Weiss, San Francisco, Cal., Steven T. Walther, of Walther, Key, Maupin, Oats, Cox, Lee & Klaich, Reno, Nev., for plaintiff.

Ronald S. Orr and Brent A. Whittlesey, of Gibson, Dunn & Crutcher, Los Angeles, Cal., William E. Peterson, of Woodburn, Wedge, Blakey & Jeppson, Reno, Nev., for defendant.

OPINION AND DECISION

BERT M. GOLDWATER, Bankruptcy Judge.

This is an adversary action to lift the automatic stay in a Chapter 11 reorganization and a counterclaim for accounting and turnover of funds. The background of the parties is as follows:

As of December 30, 1978, BBT had executed four agreements by which 200 general purpose 70-ton boxcars were purchased from a Mexican manufacturer and builder pursuant to a purchase agreement with American...

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