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IN RE WOODSTOCK ASSOCIATES I, INC.

Bankruptcy Nos. 89 B 08919 to 89 B 08922, Adv. No. 90 A 0145.

120 B.R. 436 (1990)

In re WOODSTOCK ASSOCIATES I, INC., an Illinois corporation, d/b/a Albany House, Woodstock Associates III, Inc., an Illinois corporation, d/b/a The Woodbury of Niles, Woodstock Associates II, Inc., an Illinois corporation, d/b/a The Saratoga of Evanston, Woodstock Associates IV, Inc., an Illinois corporation, d/b/a The Sherwood of Niles, Debtors. (Jointly Administered Cases) HOME SAVINGS ASSOCIATION OF KANSAS CITY, F.A., Plaintiff. v. WOODSTOCK ASSOCIATES I, INC., Woodstock Associates III, Inc., Woodstock Associates II, Inc., Woodstock Associates IV, Inc., Defendants.

United States Bankruptcy Court, N.D. Illinois, E.D.

October 24, 1990.

Attorney(s) appearing for the Case

Norman Newman, Scott N. Schreiber, Much Shelist Freed Denenberg Ament & Eiger, P.C., Chicago, Ill., for debtors.

Neil L. Goulden, Katten, Muchin & Zavis, Chicago, Ill., for Caremor, Inc.

Ronald R. Peterson, Jay S. Geller, Jenner & Block, Chicago, Ill., for Home Sav. Ass'n of Kansas City, F.A.

David E. Cohen, Cohen & Krol, Chicago, Ill., for the Unsecured Creditors Committee.

MEMORANDUM OPINION

JOHN H. SQUIRES, Bankruptcy Judge.

This matter comes to be heard on the joint motion of the Debtors and the Committee for the Unsecured Creditors (the "Committee") for summary judgment pursuant to Federal Rule of Civil Procedure 56. In addition, Home Savings Association of Kansas City, F.A. ("Home Savings") filed a cross motion for partial summary judgment. For the reasons set forth herein, the Court having reviewed the pleadings, affidavits...

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