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IN RE PINE LAKE VILLAGE APARTMENT CO.

Bankruptcy No. 81-B-20737.

17 B.R. 829 (1982)

In re PINE LAKE VILLAGE APARTMENT CO., Debtor.

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

February 25, 1982.

Attorney(s) appearing for the Case

Burns & Fox, New York City, for debtor.

Zalkin, Rodin & Goodman, New York City, for Thomas J. Hartigan, Mortgagee.

DECISION ON DEBTOR'S APPLICATION FOR FUNDS HELD BY MANAGING AGENT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

A mortgagee creditor holding a secured claim contends in this controversy that a so-called "custodian" be compelled to continue to hold pre-Chapter 11 rent proceeds and security deposits it collected, characterized conjunctively as "cash collateral" under Code § 363(c) and as a contractual assignment contained in the consolidated mortgage and in...

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