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IN RE INN AT GRAND GLAIZE, LTD.

Bankruptcy No. 88-00114-C-11, Adv. No. 88-0122-C-11.

89 B.R. 40 (1988)

In re the INN AT GRAND GLAIZE, LTD., Debtor. The INN AT GRAND GLAIZE, LTD., Plaintiff, v. NATIONAL BANK OF WASHINGTON, Defendant.

United States Bankruptcy Court, W.D. Missouri, C.D.

August 8, 1988.

Attorney(s) appearing for the Case

Norman E. Beal, Kansas City, Mo., for debtor/plaintiff.

Larry A. Reed, St. Louis, Mo., for defendant.

MEMORANDUM OPINION

FRANK W. KOGER, Bankruptcy Judge.

This adversary action was brought to determine if National Bank of Washington, Trustee, hereinafter Bank, was secured as to the personal property of The Inn at Grand Glaize, Ltd., hereinafter debtor. On September 25, 1985, the Bank loaned $9,500,000.00 to Grand Glaize Inn Partners (hereinafter GGIP), a Missouri limited partnership. The purpose of the loan was to finance the real estate and personal property...

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