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IN RE SAINT PETER'S SCHOOL

Bankruptcy No. 81 B 20569, 81 Adv. 6149.

16 B.R. 404 (1982)

In re SAINT PETER'S SCHOOL, Debtor.

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

January 12, 1982.

Attorney(s) appearing for the Case

Bleakley, Platt, Schmidt & Fritz, Bleakley Schmidt, P.C., Reich & Reich, White Plains, N.Y., for Saint Peter's School.

McCarthy, Fingar, Donovan, Glatthaar, Drazen & Smith, White Plains, N.Y., for Lincoln First Bank, N.A.

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Saint Peter's gates closed in 1979. It had formerly conducted a school on approximately 80 acres in Westchester County, New York, but its students were phased out when governmental financing ceased. After several moratoriums following its default under its first mortgage held by the plaintiff, Lincoln First Bank, N.A. ("the bank"), a judgment of foreclosure was entered in a state foreclosure...

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