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IN RE PLAYA DEVELOPMENT CORP.

Bankruptcy No. 1-86-00266.

68 B.R. 549 (1986)

In re PLAYA DEVELOPMENT CORPORATION, Debtor.

United States Bankruptcy Court, W.D. Texas, Austin Division.

November 18, 1986.

Attorney(s) appearing for the Case

Martinec, Hargadon & Wise, Austin, Tex., for debtor.

McGinnis, Lochridge & Kilgore, Austin, Tex., for movant.

MEMORANDUM OPINION

LARRY E. KELLY, Bankruptcy Judge.

Movant Capitol City Savings Association filed a Motion for Relief from the Automatic Stay which came on to be heard by the Court on October 10, 1986, with additional testimony being heard on October 16, 1986.

I.

FACTUAL BACKGROUND

1.01 Playa Development Corporation, hereinafter "Debtor" filed this Chapter 11 petition on March 31, 1986.

1.02 The Debtor owns the following...

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