IN RE PEGASUS AGENCY, INC.

Bankruptcy No. 94-B-22199.

186 B.R. 597 (1995)

In re PEGASUS AGENCY, INC., Debtor.

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

October 4, 1995.


Attorney(s) appearing for the Case

Leonard E. Lombardi, P.C., Nicholas Grammatikakis by Leonard E. Lombardi, Pleasantville, NY, for movant.

Kurtzman Haspel & Stein by Joseph J. Haspel, Spring Valley, NY, for debtor.


MEMORANDUM DECISION GRANTING MOTION TO LIFT THE AUTOMATIC STAY

ADLAI S. HARDIN, Jr., Bankruptcy Judge.

Secured creditor Nicholas Grammatikakis a/k/a Nicholas Grammas ("Grammas") moves for an order pursuant to 11 U.S.C. § 362(d)(1) and (2) lifting the automatic stay in order to permit Grammas to conduct a sale of a parcel of real property belonging to the Debtor in accordance with a judgment of foreclosure. The petition under Chapter 11 in this case...

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