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IN RE SPRINGER-PENGUIN, INC.

Bankruptcy No. 87 B 20103.

74 B.R. 879 (1987)

In re SPRINGER-PENGUIN, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

June 10, 1987.

Attorney(s) appearing for the Case

Schnader, Harrison, Segal & Lewis, New York City, for Jugoexport-Beogradt; Nicholas J. LePore III, of counsel.

Certilman Haft Lebow Balin Buckley & Kremer, New York City, for debtor; Martin F. Brecker, and Michael L. Shor, of counsel.

Reich and Reich, White Plains, for Creditors' Committee; Sidney H. Reich, of counsel.

DECISION ON MOTION UNDER 11 U.S.C. § 105(a) TO STAY ARBITRATION IN YUGOSLAVIA

HOWARD SCHWARTZBERG, Bankruptcy Judge.

This Chapter 11 debtor, Springer-Penguin, Inc., lost the benefit of the automatic stay in accordance with 11 U.S.C. § 362(e) when it stipulated to adjourn a hearing for relief from the stay beyond thirty days from the request for such relief, without obtaining a consent from its adversary, or an order from the court, that the automatic...

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