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Commonwealth Companies, Inc., & Commonwealth Elec. Co., Inc., Ch. 11, BK87-2456, -2457

The government's request to pursue a civil fraud action against debtor was solely for pecuniary advantage and thus didn't fall under the "police and regulatory power" exception of § 362(b)(4). Moreover, no cause for stay relief existed under § 362(d)

Date: 
Wednesday, December 2, 1987
Judge: 
Judge Timothy J. Mahoney (Retired)