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IN RE LADYCLIFF COLLEGE

Bankruptcy No. 81 B 12486 (EJR).

46 B.R. 141 (1985)

In re LADYCLIFF COLLEGE, Debtor.

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

February 4, 1985.

Attorney(s) appearing for the Case

Shaw, Goldman, Licitra, Levine & Weinberg, P.G., Garden City, N.Y., for Ladycliff College.

Walsh & Frisch, Midland Bank, N.A., New York City, for Marine.

DEBTOR'S MOTION TO EXPUNGE CLAIMS

EDWARD J. RYAN, Bankruptcy Judge.

Ladycliff College (Ladycliff) filed a voluntary petition for reorganization with this court pursuant to Chapter 11 of the Bankruptcy Code on December 22, 1981.

At the time Ladycliff filed for reorganization, it was indebted to Marine for $384,734.78 in principal and interest. Marine's security for the loan amounted to $321,983.83 (the $150,000 mortgage and securities, certificates...

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