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IN RE PHOENIX-PICCADILLY, LTD.

Bankruptcy No. 87-1891-BK-J-11.

84 B.R. 843 (1988)

In re PHOENIX-PICCADILLY, LTD., a/k/a, d/b/a Piccadilly Square Apartment Community, Debtor.

United States Bankruptcy Court, M.D. Florida, Jacksonville Division.

April 5, 1988.

Attorney(s) appearing for the Case

Lawrence J. Hamilton, II, Jacksonville, Fla., for debtor.

John W. Ames, Louisville, Ky., for Future Federal Savings Bank.

Peter E. Meltzer, Philadelphia, Pa., for Meritor Savings Bank.

R. Lawrence Baird, Louisville, Ky., for Life Insurance Co. of Virginia.

James H. Post, Jacksonville, Fla., for Secured Lenders.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON MOTION TO DISMISS

GEORGE L. PROCTOR, Bankruptcy Judge.

Before the Court is the motion of three secured creditors, Meritor Savings Bank ("Meritor"), acting for itself and as agent for Colwell Financial Corporation ("Colwell"), Future Federal Savings Bank of Louisville, Kentucky ("Future Federal"), and The Life Insurance Company of Virginia ("Virginia Life") (collectively...

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