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IN RE ALL PHASE ELECTRICAL CONTRACTING, INC.

No. 08-50494(AHWS).

409 B.R. 272 (2009)

In re ALL PHASE ELECTRICAL CONTRACTING, INC., Debtor.

United States Bankruptcy Court, D. Connecticut, Bridgeport Division.

July 31, 2009.

Attorney(s) appearing for the Case

Mario DeMarco, Esq., Law Offices of Mario DeMarco Port Chester, NY, for Debtor.

Stephen M. Kindseth, Esq., Zeisler & Zeisler, P.C., Bridgeport, CT, for Debtor's Principal, Anthony L. Isola.

James C. Graham, Esq., Kristen B. Mayhew, Esq., Pepe & Hazard LLP, Hartford, CT, for Movant, Colonial Surety Company.

Lawrence R. Reich, Esq., Reich Reich & Reich, P.C., White Plains, NY, for Village of Scarsdale.

MEMORANDUM AND ORDER ON COLONIAL SURETY COMPANY'S MOTION FOR RELIEF FROM STAY

ALAN H.W. SHIFF, Bankruptcy Judge.

The movant, Colonial Surety Company, seeks relief from the automatic stay to terminate the performance and payment bonds it issued on the debtor's behalf in connection with an electrical contract between the debtor and the Village of Scarsdale. For the reasons that follow, the motion is denied.

BACKGROUND

On December 24, 2002...

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