IN RE FRANKLIN PEMBROKE VENTURE II

Bankruptcy No. 89-12991S.

105 B.R. 276 (1989)

In re FRANKLIN PEMBROKE VENTURE II a/k/a Franklin/Labonte Venture II, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

October 5, 1989.


Attorney(s) appearing for the Case

Barry D. Kleban, Adelman Lavine Gold and Levin, Philadelphia, Pa., for debtor.

David S. Hope, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for Creditors' Committee of FRG, Inc.

Alexander Rubin, Rubin, Quinn & Moss, Philadelphia, Pa., for Com. Sav. and Loan Ass'n of Florida.

Jeffrey Schwartz, Hahn & Hessen, New York City, Max Lieberman, Pelino & Lentz, Philadelphia, Pa., for FRG, Inc.

James J. O'Connell, Ass't. U.S. Trustee, Philadelphia, Pa.


OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

At issue in this bankruptcy case filed less than two months ago on August 15, 1989, is the critical matter of whether the Debtor can utilize its sole source of income, i.e., rents from the tenants of its only asset, an office complex located in southeastern Florida, to pay its ordinary expenses and costs and hence remain viable. As we are reluctant to prevent a debtor from making at least a reasonable attempt...

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