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IN RE BOND

Bankruptcy No. 89-4-0201-PM, Civ. No. S 89-3366.

122 B.R. 39 (1990)

In re Albert Lamar BOND, Jr., Debtor. DIVERSIFIED LENDING SERVICES, INC., Appellant, v. Albert Lamar BOND, Jr., and Citizens Bank of Maryland, Appellees.

United States District Court, D. Maryland.

June 26, 1990.

Attorney(s) appearing for the Case

Steven H. Hofberg, Gordon & Hofberg, Rockville, Md., for appellant.

Charles A. Docter, Marcia K. Docter, Loren L. Chumley, Docter & Docter, P.C., Charles T. Bowyer, Miles & Stockbridge, Baltimore, Md., for appellees.

MEMORANDUM OPINION

SMALKIN, District Judge.

This is an appeal from the Bankruptcy Court for this District, Chief Judge Mannes presiding. The issues have been briefed, and no oral argument is needed.

The decisive question is whether the debtor's prepetition assignment of rents to Diversified constituted those rents as cash collateral in the debtor's Chapter 11 case. The property from which the rents flow is subject to a duly recorded first deed of...

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