IN RE A.P.I. INC. (Bankr.D.Minn. 2005)


In re: A.P.I. Inc. Chapter 11 Bankruptcy, Debtor.

Case No. Bky 05-30073.United States Bankruptcy Court, D. Minnesota.
June 6, 2005

ORDER TERMINATING AUTOMATIC STAY AS TO INSURED WORKERS’ COMPENSATION LITIGATION
GREGORY KISHEL, Bankruptcy Judge

This matter came before the undersigned United States Bankruptcy Judge on the Debtor’s motion for relief from the automatic stay to permit Insured Workers’ Compensation Litigation to proceed on June 6, 2005. Appearances are as noted on the record.

Based on the arguments of counsel and the documents of record herein, the Court being fully advised in the premises, and the Court’s findings of fact and conclusions of law, if any, having been stated on the record at the close of argument,

IT IS HEREBY ORDERED:

1. Debtor’s motion is granted.

2. Cause exists under 11 U.S.C. § 362(d)(1) to terminate the automatic stay and permit the Insured Workers’ Compensation Litigation (as defined in the Motion) to proceed.

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