IN RE CARDINAL INDUSTRIES, INC.

Bankruptcy Nos. 2-89-02779, 2-89-07291, 2-90-01531, 2-90-01614, 2-90-01717, 2-90-01827 to 2-90-01829, 2-90-01836, 2-90-01963, 2-90-02096, 2-90-02108 and 2-90-03982.

118 B.R. 971 (1990)

In re CARDINAL INDUSTRIES, INC., Jointly Administered With Cardinal Partner Corporation (Jupiter Cove Apartments) and Sugartree Apartments II, Ltd., Thymewood Apartments, Ltd., Bel Aire Apartments II, Ltd., Bel Aire Apartments, Ltd., Centre Lake Apartments, Ltd., Centre Lake Apartments, II Ltd., Blossom Corners Apartments II, Ltd., Crystal Court Apartments II, Ltd., Centre Lake Apartments III, Ltd., Blueberry Hill Apartments, Ltd., Oldswood Apartments, Ltd., Debtors.

United States Bankruptcy Court, S.D. Ohio, E.D.

September 14, 1990.


Attorney(s) appearing for the Case

David G. Korn, Columbus, Ohio, for Crystal Court Apartments II, Ltd. Sugartree Apartments II, Ltd., Centre Lake Apartments, Ltd., Centre Lake Apartments II Ltd., Centre Lake Apartments III, Ltd., Bel Aire Apartments, Ltd. and Bel Aire Apartments, II, Ltd.

Thomas L. Blackburn, Christine W. Schmenk, John Andrew Merkle, Denmead, Blackburn & Willard, Columbus, Ohio, for Thymewood Apartments, Ltd., Oldswood Apartments, Ltd. and Blossom Corners Apartments II, Ltd.

Victor S. Krupman, Columbus, Ohio, for Blueberry Hill Apartments, Ltd.

Hywel Leonard, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, Fla., and Don Gardner, Keating, Muething & Klekamp, Cincinnati, Ohio, for Florida Federal Sav. Bank.

Drew T. Parobek, Vorys, Sater, Seymour and Pease, Columbus, Ohio, for, Madison Sav. and Loan Ass'n.

Leonard A. Carlson, Schottenstein, Zox & Dunn, Columbus, Ohio, Attorneys for Amerifirst Bank.

Grady L. Pettigrew, Jr., Arter & Hadden, Columbus, Ohio, for Home Federal, Sav. and Loan Ass'n.

Jay Alix, Southfield, Mich., Chapter 11 Trustee.

Michael L. Cook, Sally M. Henry, Skadden, Arps, Slate, Meagher & Flom, New York City, Gen. Counsel to trustee.

Marilyn Shea-Stonum, Jones, Day, Reavis & Pogue, Columbus, Ohio Special Counsel to trustee, and for Cardinal Retirement Management Group, Inc., Cardinal Acceptance Corp., Maxim Building Corp., Cardinal Advisory Group, Inc. and Columbus Const., Inc.

Charles M. Caldwell, Asst. U.S. Trustee, Columbus, Ohio Columbus Office of the United States Trustee, for Region IX.

Lori Lapin Jones, Dewey, Ballantine, Bushby, Palmer & Wood, New York City, and Leon Friedberg, Benesch, Friedlander, Coplan & Aronoff, Columbus, Ohio, for the Official Committee of Unsecured Creditors of Cardinal Industries, Inc.

P. Steven Kratsch, Kilpatrick & Cody, Atlanta, Ga., for the Official Committee of Unsecured Creditors of Cardinal Industries of Florida, Inc.

Harvey S. Minton, Minton & Leslie, Columbus, Ohio, for Cardinal Industries of Georgia, Inc., Cardinal Industries Mortg. Co. and Cardinal Parts Service Co.

James H. Bownas, Cardinal Industries, Inc., Columbus, Ohio.

Charles J. Taunt, Birmingham, Mich., for Cardinal Industries Services Corp., Cardinal Industries of Florida Services Corp., Cardinal Industries of Georgia Services Corp. and Cardinal Furniture Leasing Co.

Thomas R. Noland, Altick & Corwin, Dayton, Ohio for Cardinal Partnership Corp. and Cardinal Partner Corp.

Gary H. Cunningham, Schlussel, Lifton, Simon, Rands, Galvin & Jackier, Southfield, Mich., for Cardinal Lodging Group, Inc. and Cardinal Apartment Management Group, Inc.

Sara J. Daneman, Chester, Hoffman, Willcox & Saxbe, Columbus, Ohio for Cardinal Industries Development Corp.


OPINION AND ORDER ON USAGE OF RENTS BY DEBTORS OPERATING UNDER FLORIDA ASSIGNMENTS OF RENTS

BARBARA J. SELLERS, Bankruptcy Judge.

These matters are before the Court upon motions filed by various debtors in the above-captioned cases seeking authority to use cash collateral or upon motions by lenders seeking to prohibit such usage. As each case involves identical issues of Florida law, the various motions and objections are being considered together.

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