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IN RE ASHKENAZY ENTERPRISES, INC.

Bankruptcy Nos. LA 86-02911-CA, LA 86-03359-CA, LA 86-04469-CA.

94 B.R. 645 (1986)

In re ASHKENAZY ENTERPRISES, INC., a California corporation, Debtor. In re 9289 BURTON CO., a California limited partnership, Debtor. In re Le PARC ASSOCIATES, a California general partnership, Debtor.

United States Bankruptcy Court, C.D. California.

May 16, 1986.

Attorney(s) appearing for the Case

Stephen P. Feldman, Cynthia M. Cohen, Audrey J. Wohlgemuth, Stutman, Tresiter & Glatt, Los Angeles, Cal., for debtor and debtor-in-possession.

Richard T. Peters, Sidley & Austin, Los Angeles, Cal., for Western Sav. and Loan Co.

Thomas B. Walper, Stroock & Stroock & Lavan, Los Angeles, Cal., for Beverly Hills Sav.

I. Bruce Speiser, McKenna, Conner & Cueno, Los Angeles, Cal., for Western Sav. & Loan Co.

Robert L. Morrison, Lillick, McHose & Charles, Los Angeles, Cal., for So. California Federal Sav. and Loan Ass'n.

MEMORANDUM OF DECISION

CALVIN K. ASHLAND, Bankruptcy Judge.

Lenders Western Savings and Loan Company, Southern California Savings and Loan Association, and Beverly Hills Savings seek to establish that the operating revenues of Le Mondrian, Le Dufy, L'Ermitage, and Le Parc Hotels are cash collateral. The hotels are either owned by the Ashkenazy Enterprises, Inc. or by entities owned by Ashkenazy.

The lenders hold promissory notes secured by deeds...

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