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IN RE PHILADELPHIA ATHLETIC CLUB, INC.

Bankruptcy No. 80-02028G.

38 B.R. 879 (1984)

In re PHILADELPHIA ATHLETIC CLUB, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

April 3, 1984.

Attorney(s) appearing for the Case

Pace Reich, Pincus, Verlin, Hahn, Reich & Goldstein, Philadelphia, Pa., for Samuel Rappaport, buyer.

Alexander N. Rubin, Jr., Robert Szwajkos, Rubin, Quinn & Moss, Philadelphia, Pa., for trustee, Samuel M. Brodsky.

Marjorie O. Rendell, John F. Horstmann, Duane, Morris & Heckscher, Philadelphia, Pa., for Trustees of Central States, Southeast and Southwest Areas Pension Fund.

Samuel M. Brodsky, Philadelphia, Pa., Trustee.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue in the dispute before us is whether an entity who purchased realty from the trustee, relying on the erroneous figures given him by the mortgagee, can successfully urge the application of the doctrine of equitable estoppel against said mortgagee. The question arose out of negotiations for the private sale of the property when, in endeavoring to calculate the purchase price, the intended purchaser relied...

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