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IN RE PROVIDENT HOSP. & TRAINING ASS'N

Bankruptcy No. 87 B 11069, Adv. No. 87 A 892.

79 B.R. 374 (1987)

In re PROVIDENT HOSPITAL & TRAINING ASSOCIATION, an Illinois Not-For-Profit Corporation, doing business as, Provident Medical Center & Provident Hospital, Debtor. PROVIDENT HOSPITAL & TRAINING ASSOCIATION, Plaintiff, v. GMAC MORTGAGE COMPANY OF PENNSYLVANIA, State Treasurer of the State of Michigan, and United States of America, Defendants.

United States Bankruptcy Court, N.D. Illinois, E.D.

October 7, 1987.

Attorney(s) appearing for the Case

James A. Chotz and Deborah L. Thorne, Antonow & Fink, Chicago, Ill., for debtor.

Anton R. Valukas, U.S. Atty., John S. Brennan, Asst. U.S. Atty., Chicago, Ill., for U.S.

J. Samuel Tenenbaum and David J. Eckert, Becker & Tenenbaum, Chicago, Ill., for GMAC Mortg. Co. of America.

David J. Fischer and Deborah K. Ebner, Wildman, Harrold, Allen & Dixon, Chicago, Ill., for Official Unsecured Creditors' Committee.

MEMORANDUM AND OPINION

ROBERT E. GINSBERG, Bankruptcy Judge.

JURISDICTION

This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(K).

FACTS

The facts in this case are simple, and with one exception, uncontested. On August 1, 1978 Provident Hospital & Training Association ("Provident") entered into a loan agreement with Mercantile Mortgage Company ("Mercantile"), pursuant to which Mercantile made a loan to Provident...

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