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MATTER OF LINCOLN PLAZA TOWERS ASSOCIATES

Bankruptcy No. 79 B 51.

1 B.R. 467 (1979)

In the Matter of LINCOLN PLAZA TOWERS ASSOCIATES, Debtor.

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

December 13, 1979.

Attorney(s) appearing for the Case

Gelberg & Kronovet, New York City, for debtor; Marc S. Kirschner, Saul Duff Kronovet, New York City, of counsel.

Krause, Hirsch & Gross, New York City, for debtor; William Lowy, New York City, of counsel.

Richard A. Gerard, Zalkin, Rodin & Goodman, New York City, for Jamaica Sav. Bank; Richard Toder, Henry Goodman, New York City, of counsel.

OPINION

JOEL LEWITTES, Bankruptcy Judge.

This is a motion by Jamaica Savings Bank ("Jamaica"), a member of the Federal Home Loan Bank of New York, and the sole secured creditor of the Chapter XII debtor, Lincoln Plaza Towers Associates ("debtor"), to dismiss this Chapter XII case.1

Of the many legal contentions urged upon us by Jamaica, in support of this motion, it is, in our judgment, necessary to consider but one:...

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