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IN RE LAKE AUSTIN CENTRE JOINT VENTURE

Bankruptcy No. 88-10500-LK.

106 B.R. 106 (1989)

In re LAKE AUSTIN CENTRE JOINT VENTURE, Debtor.

United States Bankruptcy Court, W.D. Texas, Austin Division.

October 6, 1989.

Attorney(s) appearing for the Case

Conde Cox, Austin, Tex., for debtor.

Walter C. Cooke, Brown Mahroney & Oaks Hartline, Austin, Tex., for University of Texas.

MEMORANDUM OPINION

LARRY E. KELLY, Chief Judge.

The Debtor, Lake Austin Centre Joint Venture, is a Texas partnership. The primary asset of the partnership is an office building located in Austin, Texas. That property is encumbered with a lien held by the University of Texas System. The Deed of Trust that created the lien includes an assignment of rents. The lien on rents was unperfected at the time of the Chapter 11 petition.

The Chapter 11 petition...

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