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IN RE REX GROUP, INC.

Bankruptcy No. 86-00392-R, Adv. No. 86-0236-R.

80 B.R. 774 (1987)

In re REX GROUP, INC., a Delaware corporation, Debtor. AMVEST FUNDING COMPANY, a Virginia corporation, Plaintiff, v. REX GROUP, INC., a Delaware corporation, and Douglas O. Tice, Jr., Trustee, Defendants, and Hunterdon, Inc. and Jane F. Clark, Intervenors.

United States Bankruptcy Court, E.D. Virginia, Richmond Division.

December 1, 1987.

Attorney(s) appearing for the Case

Keith Phillips, Richmond, Va., Trustee.

Benjamin C. Ackerly, Richmond, Va., for plaintiff.

Sandy T. Tucker, Richmond, Va., for defendants.

MEMORANDUM OPINION

BLACKWELL N. SHELLEY, Bankruptcy Judge.

This matter is before the Court upon the motion of Amvest Funding Company ("Amvest") for relief from the automatic stay imposed by 11 U.S.C. § 362, regarding Rex Group, Inc. ("Rex"), the debtor herein. This relief was sought for the purpose of exercising rights under state law to recover and liquidate assets of the debtor's estate; the assets sought by Amvest consist of horses used by Rex as...

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