IN RE PARK NORTH PARTNERS, LTD.

Civ. A. No. C87-1028A, Bankruptcy No. A85-03974-ADK, Adv. No. A-85-0828A.

80 B.R. 551 (1987)

In re PARK NORTH PARTNERS, LTD., a Florida Limited Partnership f/k/a Florida Realty Partners, XXV, Debtor. PARK NORTH PARTNERS, LTD., Appellant, v. PARK NORTH ASSOCIATES, Michel Brasseur, and Duffle Corp., Appellees.

United States District Court, N.D. Georgia, Atlanta Division.

December 11, 1987.


Attorney(s) appearing for the Case

Lewis E. Hassett, Aiken & Ward, Atlanta, Ga., for appellant.

Benjamin Cade Abney, Abney Tate & Mallernee, Atlanta, Ga., for appellees.


ORDER

ROBERT H. HALL, District Judge.

This is an appeal from an order of the bankruptcy court in which the court found, among other things, that: (1) the subject foreclosure sale did not constitute a voidable preference within the meaning of 11 U.S.C. § 547(b); (2) the foreclosure sale was not for less than reasonably equivalent value and thus did not constitute a fraudulent transfer pursuant to 11 U.S.C. § 548(a)(2); (3) no surplus proceeds resulted...

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