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IN RE BISON RESOURCES, INC., (Bankr.N.D.Okla. 1999)

United States Bankruptcy Court, N.D. Oklahoma.
Feb 24, 1999
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ORDER

TERRENCE MICHAEL, Bankruptcy Judge

THIS MATTER comes before the Court pursuant to the Motion of David J. Romano and Glenna Jane Roach to Modify the Automatic Stay filed on January 8, 1999, and the Objection and Response of Bison Resources Corporation, Debtor to the Motion. The issues having been duly considered and a decision having been duly rendered, for the reasons set forth in the Memorandum Opinion filed concurrently herewith,

IT IS HEREBY ORDERED THAT the Motion of David J. Romano and Glenna Jane Roach to Modify the Automatic Stay be, and the same hereby is, granted.

IT IS FURTHER ORDERED that the automatic stay provisions contained in 11 U.S.C. § 362 are hereby modified to permit the State Court Action, as that term is defined in the Memorandum Opinion, to proceed to trial and judgment in the Circuit Court of Harrison County, West Virginia, against Bison Resources Corporation.

IT IS FURTHER ORDERED that in the event a judgment is entered against Bison Resources Corporation in the State Court Action, no proceedings in execution on such a judgment may be had against Bison Resources Corporation without further order of this Court, it being the intent of this Court that any such proceedings in execution remain subject to the provisions of 11 U.S.C. § 362.