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IN RE GATEWAY CENTER BLDG. INVESTORS, LTD.

Bankruptcy No. 87-03545-BSS.

95 B.R. 647 (1989)

In re GATEWAY CENTER BUILDING INVESTORS, LTD., Debtor.

United States Bankruptcy Court, E.D. Missouri, E.D.

January 25, 1989.

Attorney(s) appearing for the Case

Jerome I. Kaskowitz, Blumenfeld, Sandweiss, Marx, Tureen, Ponfil & Kaskowitz, P.C., Clayton, Mo., for Gateway Center Bldg. Investors, Inc.

Carl J. Spector, Charles A. Weiss, John J. Meyer, Bryan, Cave, McPheeters & McRoberts, St. Louis, Mo., for Mellon Bank, N.A.

Jason M. Rugo, William E. Buckley, Thomas P. Hohenstein, Gallop, Johnson & Neuman, St. Louis, Mo., for Paric Corp.

Steven N. Cousins, Susan Bradley Buse, St. Louis, Mo.

Robert C. Jones, Vines, Kruger, Jones, Kraner & Rubin, Examiner, St. Louis, Mo., Richard S. Bender, Rosenblum, Goldenhersh, Silverstein & Zafft, Clayton, Mo., for Trivers, Associates.

Harry Gershenson, Jr., Gershenson & Gershenson, Clayton, Mo., for William C. Carr & Associates.

MEMORANDUM OPINION AND ORDER

BARRY S. SCHERMER, Bankruptcy Judge.

INTRODUCTION

On December 3, 1987, Gateway Center Building Investors, Ltd., a Georgia limited partnership, (hereinafter the "Debtor" or "Gateway") filed a voluntary petition under Chapter 11 of Title 11 of the United States Code. Mellon Bank, N.A. (hereinafter "Mellon"), a secured creditor of the Debtor, filed a proof of claim in the amount of $6,060,120.83 for money loaned to Gateway...

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