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IN RE RALEIGH/SPRING FOREST APARTMENTS ASSOCIATES

Bankruptcy No. 90-01037-ATS.

118 B.R. 42 (1990)

In re RALEIGH/SPRING FOREST APARTMENTS ASSOCIATES, a North Carolina Limited Partnership, Debtor.

United States Bankruptcy Court, E.D. North Carolina.

August 28, 1990.

Attorney(s) appearing for the Case

Sally A. Conti, R. Wilson Freyermuth, Raleigh, N.C., for debtor.

Margaret C. Lumsden, Raleigh, N.C., Clifton R. Jessup, Jr., Dallas, Tex., for Connecticut General.

Thomas B. Henson, Charlotte, N.C., for Travelers.

MEMORANDUM OPINION AND ORDER

A. THOMAS SMALL, Bankruptcy Judge.

The matters before the court are requests from the chapter 11 debtor in possession's two primary secured creditors, Travelers Insurance Company and Connecticut General Life Insurance Company, for adequate protection and for sequestration of rents and profits arising from the debtor's apartment project. The facts are undisputed and raise some basic issues concerning the validity and enforceability...

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