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In re WORLDCOM, INC., et al., Chapter 11, Debtors

ORDER DENYING ARIZONA STATE RETIREMENT SYSTEM'S MOTION FOR RELIEF FROM THE AUTOMATIC STAY PURSUANT TO 11 U.S.C. § 362(d) TO PERMIT SETOFF OF MUTUAL, PREPETITION OBLIGATIONS

ARTHUR GONZALEZ, Bankruptcy Judge

Upon consideration of the motion, dated September 5, 2003 (Docket No. 8723), of the Arizona State Retirement System (the "Movants") for Relief from the Automatic Stay Pursuant to 11 U.S.C. § 362(d) to Permit Setoff of Mutual, Prepetition Obligations (the "Motion"), requesting relief from the stay imposed by 11 U.S.C. § 362(a), the objection of the Debtors thereto, and the joinder of the Official Committee of Unsecured Creditors therein, for the reasons stated on the record on September 30, 2003, at the hearing on the Motion, including the provisions of the Debtors' Second Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code referred to by counsel preserving the Movant's rights of set-off, if any, it is hereby

ORDERED that the Motion is denied without prejudice.

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IN RE WORLDCOM, INC. (Bankr.S.D.N.Y. 2003)
(Nov 3, 2003)