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IN RE PIONEER COMMERCIAL FUNDING CORP.

Bankruptcy No. 90 B 20085.

114 B.R. 45 (1990)

In re PIONEER COMMERCIAL FUNDING CORPORATION, a/k/a PCFC of California, Debtor.

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

May 17, 1990.

Attorney(s) appearing for the Case

Diane Marshal Ennist, Reston, Va., and Kensington, James & Ressler, P.C., New York City, for Federal Home Loan Mortg. Corp.

Weil, Gotshal & Manges, New York City, for Pioneer Commercial Funding Corp.

DECISION ON MOTION FOR RELIEF FROM AUTOMATIC STAY

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The Federal Home Loan Mortgage Corporation ("FHLMC") has moved for relief from the automatic stay imposed by 11 U.S.C. § 362 to permit FHLMC to continue litigation against Pioneer Commercial Funding Corporation ("Pioneer"), the debtor, in a multi-defendant action pending in the United States District Court for the Southern District of California. The California...

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