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IN RE CHESTNUT CO., INC.

Bankruptcy No. 84-00275.

39 B.R. 519 (1984)

In re CHESTNUT COMPANY, INC., Debtor.

United States Bankruptcy Court, D. South Carolina.

April 27, 1984.

Attorney(s) appearing for the Case

George G. Reaves, Florence, S.C., for debtor.

Lawrence W. Johnson, Jr., Columbia, S.C., for creditor (C & S Bank).

ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

This matter comes before the court on the motion of Citizens and Southern National Bank of South Carolina (C & S) seeking relief from the automatic stay pursuant to 11 U.S.C.1 § 362 in order that the bank may exercise its right to setoff under §§ 506 and 553. The debtor argues that because the bank is not entitled to setoff for the reason that mutuality of obligation...

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