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IN RE ROYAL GATE ASSOCIATES, LTD.

Bankruptcy No. 87-10840-ALB.

81 B.R. 165 (1988)

In re ROYAL GATE ASSOCIATES, LTD., Debtor. BROADVIEW SAVINGS BANK, Movant, v. ROYAL GATE ASSOCIATES, LTD., Respondent.

United States Bankruptcy Court, M.D. Georgia, Albany Division.

As Amended January 11 and 22, 1988.

Attorney(s) appearing for the Case

Howell Hollis, Columbus, Ga., for movant.

Charles Ratz, Atlanta, Ga., for respondent.

MEMORANDUM OPINION AND ORDER

JOHN T. LANEY, III, Bankruptcy Judge.

On November 30, 1987, three limited partners (hereinafter "petitioners") of Royal Gate Associates, Ltd. (hereinafter "Royal Gate") filed an involuntary Chapter 11 petition against the partnership. The three petitioners hold no claims against Royal Gate other than their limited partnership interests. On December 1, 1987, the Movant, Broadview Savings Bank (hereinafter "Broadview"), exercised...

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