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IN RE PINE LAKE VILLAGE APARTMENT CO.

No. 82 Civ. 3008 (GLG).

21 B.R. 395 (1982)

In re PINE LAKE VILLAGE APARTMENT CO., Debtor. Thomas J. HARTIGAN, as Trustee of The Twenty Seven Trust under that certain Trust Agreement dated as of May 1, 1980, Plaintiff-Appellee, v. PINE LAKE VILLAGE APARTMENT CO., Defendant-Appellant.

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

June 10, 1982.

Attorney(s) appearing for the Case

Burns & Fox by John M. Burns, III, New York City, for defendant-appellant.

Zalkin, Rodin & Goodman by Andrew D. Gottfried, New York City, for plaintiff-appellee.

MEMORANDUM DECISION

GOETTEL, District Judge.

The debtor moves, pursuant to Bankruptcy Rule 805, to modify an order of the Bankruptcy Court which allowed a stay pending appeal of that court's order annulling the automatic stay against lien enforcement providing that a supersedeas bond in the amount of $400,000 be filed. The debtor seeks to obtain a stay pending appeal without the posting of any bond.

The debtor is a limited partnership tax shelter...

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