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IN RE CONCORD SENIOR HOUSING FOUNDATION

Bankruptcy No. LA 86-03643-VZ, Adv. No. LA 88-00376-VZ.

94 B.R. 180 (1988)

In re CONCORD SENIOR HOUSING FOUNDATION, Debtor. Gilbert ROBINSON, Chapter 7 Trustee in Bankruptcy, Plaintiff, v. HOME SAVINGS OF AMERICA, Defendant.

United States Bankruptcy Court, C.D. California.

December 12, 1988.

Attorney(s) appearing for the Case

Irving M. Gross, Robinson, Diamont, Brill & Klausner, Century City, Cal., for plaintiff/trustee.

Jeffrey C. Krause, Stutman, Treister & Glatt, Los Angeles, Cal., for defendant.

MEMORANDUM OF DECISION

VINCENT P. ZURZOLO, Bankruptcy Judge.

I.

STATEMENT OF FACTS

The parties are in agreement as to all relevant facts.

The debtor, Concord Senior Housing Foundation ("Concord"), filed its voluntary petition under Chapter 11 on March 3, 1986. On July 31, 1986 Concord's bankruptcy case was converted to one under Chapter 7. Gilbert Robinson ("Trustee") was appointed trustee of Concord's estate.

The Concord...

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