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IN RE CS ASSOCIATES

Bankruptcy No. 88-12842S, Adv. No. 90-0275S.

121 B.R. 942 (1990)

In re CS ASSOCIATES d/b/a University Nursing and Rehabilitation Center, Debtor. UNITED JERSEY BANK, Indenture Trustee, Plaintiff, v. CS ASSOCIATES d/b/a University Nursing and Rehabilitation Center; The Philadelphia Authority for Industrial Development; Pennsylvania Millers Mutual Insurance Company; and Mitchell W. Miller, Trustee, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

December 5, 1990.

Attorney(s) appearing for the Case

Mitchell W. Miller, Philadelphia, Pa., Trustee.

Edward J. DiDonato, Camille Spinale, Kathy McAlice, Philadelphia, Pa., for Trustee.

John J. Francis, Jr., Morristown, N.J., William F. Sweeney, Philadelphia, Pa., for plaintiff United Jersey Bank.

Michael F. Henry, Philadelphia, Pa., for defendant Pennsylvania Millers Mut. Ins. Co.

Philip M. Brandt, Philadelphia Industrial Development Corp., Philadelphia, Pa., for defendant Philadelphia Indust. Development Corp.

Marvin H. Mercer, III, Philadelphia, Pa., for debtor.

James J. O'Connell, Philadelphia, Pa., Asst. U.S. Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

We herein decide two matters related to the above entitled case, both of which were initiated by UNITED JERSEY BANK ("UJB"), the Trustee under a Trust Indenture ("the TI") through which construction of a nursing home formerly operated by CS ASSOCIATES, d/b/a UNIVERSITY NURSING AND REHABILITATION CENTER, the Debtor in this case ("the Debtor"), was financed. The first is the above-captioned...

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