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IN RE 231 FOURTH AVENUE LYCEUM, LLC

Case No. 13-42125 (CEC).

506 B.R. 196 (2014)

IN RE: 231 FOURTH AVENUE LYCEUM, LLC, Debtor.

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

Signed: February 28, 2014.

Attorney(s) appearing for the Case

David M. Blum, Esq., 286 Madison Avenue, Suite 2200, New York, New York 10017, Counsel for Debtor.

William E, Curtin, Esq., United States Department of Justice, 201 Varick Street, Suite 1006, New York, New York 10014, Counsel for the United States Trustee.

Glenn P. Warmuth, Esq., Stim & Warmuth, P.C., 2 Eighth Street, Farmingville, New York 11738, Counsel for P.B. #7 LLC.

Chapter 11

DECISION

CARLA E. CRAIG, Chief United States Bankruptcy Judge.

This matter comes before the Court on the motion of P.B. #7 LLC ("P.B.") to lift the automatic stay, pursuant to 11 U.S.C. § 362(d)(3)1. Because 231 Fourth Avenue Lyceum, LLC has failed to file a plan of reorganization that has a reasonable possibility of being confirmed within a reasonable time, as required by § 362(d)(3), P...

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