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IN RE COMMUNITY INVESTMENTS ASSOCIATES I

Bankruptcy No. 81-00385-A, Adv. Nos. 81-0146-A, 81-0150-A.

14 B.R. 211 (1981)

In re COMMUNITY INVESTMENTS ASSOCIATES I, Debtor. STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION, and Phillip G. Coble, Trustee, and George M. Temple, Trustee, and Wills Investment, Inc., Plaintiffs, v. COMMUNITY INVESTMENTS ASSOCIATES I, A Virginia Limited Partnership, Ethan Allen Trushen, Trustee in Bankruptcy. and In re COMMUNITY INVESTMENTS ASSOCIATES I, Debtor. COMMUNITY INVESTMENTS ASSOCIATES I, A Virginia Limited Partnership, Ethan Allen Turshen, Trustee in Bankruptcy, Plaintiff, v. STANDARD FEDERAL SAVINGS AND LOAN ASSOCIATION, and Phillip G. Coble, Trustee, and George M. Temple, Trustee, and James A. Steele, Trustee, and Dominion Sash & Door, Inc., and Victor F. Rinaldi, Trustee, and Wills Investment, Incorporated, and Stanley Bruce Brock, Trustee, and C. Daniel Clemente, Trustee, and James R. Corbitt Company, and J.L. Matthews, Inc., and County of Fairfax, Commonwealth of Virginia, and Haines Paving Company, Inc., and Concrete Specialists, Inc., and Reston Homeowners Association, Defendants.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

September 28, 1981.

Attorney(s) appearing for the Case

Phillip G. Coble, Oakton, Va., trustee.

George M. Temple, Virginia Beach, Va., trustee.

Joseph E. Bankert, Alexandria, Va., and Nelson Deckelbaum, Washington, D.C., for Wills Inv., Inc., Stanley Bruce Brock, trustee and C. Daniel Clemente, trustee.

Thomas S. Kenny, Reston, Va., for Reston Homeowners Assn.

James A. Steele, Gaithersburg, Md., trustee.

Bruce Goldstein, Washington, D.C., for James R. Corbitt Co., John W. Guinee, trustee in bankruptcy for James R. Corbitt Co.

Peter A. Cerick, Herndon, Va., for Haines Paving Co., Inc.

Robert J. Test, Alexandria, Va., for J.L. Matthews, Inc.

Richard A. Golden, Asst. County Atty., Fairfax, Va., for Fairfax County, Commonwealth of Virginia.

Victor F. Rinaldi, Fairfax, Va., trustee.

Ethan Allen Turshen, Arlington, Va., trustee in bankruptcy for Community Investments Associates I.

MEMORANDUM OPINION

MARTIN V.B. BOSTETTER, Jr., Bankruptcy Judge.

This matter, which arises from a rather unusual and interesting factual situation, is before the Court on the Complaint of Standard Federal Savings and Loan Association ("Standard Federal") and other named parties against Community Investments Associates I, a debtor-in-possession in an arrangement under Chapter 11 of the Bankruptcy Code, by its trustee, Ethan Allen Turshen, Esquire.

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