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IN RE WASHINGTON FUNDING CORP.

Bankruptcy No. 79 B 1128 (CHG).

13 B.R. 216 (1981)

In re WASHINGTON FUNDING CORPORATION, Bankrupt.

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

August 5, 1981.

Attorney(s) appearing for the Case

Sheehy & Friedler, Hempstead, N.Y., for bankrupt; Sidney Friedler, Hempstead, N.Y., of counsel.

Maxwell E. Charat, New Rochelle, for City of New Rochelle; Daniel W. Boddie, New Rochelle, N.Y., of counsel.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

There are several matters currently pending before the Court in this Chapter XI proceeding brought under the Bankruptcy Act of 18981 by the Washington Funding Corporation ("Washington Funding"), a shell corporation with a single asset, a vacant corner building in the heart of the City of New Rochelle.

The City of New Rochelle ("New Rochelle") is seeking relief from the automatic...

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