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IN RE TERRA VILLA APARTMENTS, LTD.

No. 87-07187.

101 B.R. 755 (1989)

In re TERRA VILLA APARTMENTS, LTD., d/b/a Cross Creek Apartments, a Florida Limited Partnership, Debtor.

U.S. Bankruptcy Court, N.D. Florida. Tallahassee Division.

June 5, 1989.

Attorney(s) appearing for the Case

C. Edwin Rude, Jr., Tallahassee, Fla., for Metropolitan Life Ins. Co.

Timothy Warfel, Tallahassee, Fla., for First Federal Sav. and Loan Ass'n.

Laura Beth Farragasso, Tallahassee, Fla., for Grandland Realty Associates, Ltd.

N. Sanders Sauls, Tallahassee, Fla., for debtor.

MEMORANDUM OPINION ON MOTION FOR ORDER AUTHORIZING DISBURSEMENT OF INSURANCE PROCEEDS

LEWIS M. KILLIAN, Jr., Bankruptcy Judge.

THIS MATTER came on to be heard upon Metropolitan Life Insurance Company's ("Met Life") motion authorizing disbursement of approximately $42,000.00 in insurance proceeds resulting from a fire at the Cross Creek Apartments (Cross Creek) in Albany, Georgia. Met Life is a secured creditor of the Debtor and the owner and holder of a first...

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