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IN RE EXECUTIVE HOUSE ASSOCIATES

Bankruptcy No. 88-10214F.

99 B.R. 266 (1989)

In re EXECUTIVE HOUSE ASSOCIATES, a Pennsylvania Limited Partnership, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

April 20, 1989.

Attorney(s) appearing for the Case

Kenneth Aaron, Mesirov, Gelman, Jaffe, Cramer & Jamieson, Philadelphia, Pa., for the debtor, Executive House Associates.

Lois Davis, Asst. U.S. Atty., Philadelphia, Pa., for Dept. of Housing and Urban Development (HUD).

James J. O'Connell, Philadelphia, Pa., Assistant U.S. trustee.

Michael L. Temin and Wolf, Block, Schorr and Solis-Cohen, Philadelphia, Pa., Sp. Counsel for HUD.

OPINION

BRUCE I. FOX, Bankruptcy Judge:

The debtor and a purported secured creditor, the United States Department of Housing and Urban Development (HUD), have raised a number of interesting questions for resolution. The debtor is a Pennsylvania limited partnership, which owns but one significant asset—a residential apartment building known as Executive House, located at 6100 City Line Avenue, Philadelphia, Pa. HUD asserts a security interest in both...

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