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IN RE AMERICAN ATHLETE CO., INC.

Bankruptcy No. 5-82-00661.

27 B.R. 38 (1983)

In re AMERICAN ATHLETE COMPANY, INC., Debtor.

United States Bankruptcy Court, M.D. Pennsylvania.

January 4, 1983.

Attorney(s) appearing for the Case

George E. Clark, Jr., Scranton, Pa., for Thomas Mulea.

Robert Scovell, Wilkes-Barre, Pa., for debtor.

OPINION AND ORDER

THOMAS C. GIBBONS, Bankruptcy Judge:

The issue presented in this case is whether the automatic stay imposed by 11 U.S.C. § 362(a) bars the sale of stock of a Chapter 11 debtor between two private parties. We find that the stay is no bar to the sale.

The American Athlete Company, Inc., filed for relief under Chapter 11 of the Bankruptcy Code (the Code) on September 10, 1982. Morris Arcuri and Thomas Mulea each own fifty (50...

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