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IN RE BRENTON'S COVE DEVELOPMENT CO.

Bankruptcy No. 8400470.

52 B.R. 287 (1985)

In re BRENTON'S COVE DEVELOPMENT COMPANY, Debtor.

United States Bankruptcy Court, D. Rhode Island.

August 20, 1985.

Attorney(s) appearing for the Case

Edward Bertozzi, Jr., John Deacon, Jr., Edwards & Angell, Providence, R.I., for the Bank of New York.

Jeffrey T. Teitz, Corcoran, Peckman & Hayes, P.C., Newport, R.I., for Brenton's Cove Condominium Association.

DECISION DENYING PRIORITY STATUS TO CLAIM OF BRENTON'S COVE CONDOMINIUM ASSOCIATION

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on Brenton's Cove Condominium Association's (the Association) proof of claim, and on the objection thereto by the Bank of New York, the holder of a construction mortgage on the debtor's condominium development. At issue is whether the Association is entitled to payment of its claim, ahead of the mortgagee, from two escrow funds...

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