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IN RE PARK PLACE ASSOCIATES

Bankruptcy No. 89 B 12380.

118 B.R. 613 (1990)

In re PARK PLACE ASSOCIATES, an Illinois limited partnership, Debtor.

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

August 31, 1990.

Attorney(s) appearing for the Case

Timothy J. Rivelli, Winston & Strawn, Chicago, Ill., for Heller Financial, Inc.

A. Daniel Feldman, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for debtor.

MEMORANDUM OPINION ON HELLER MOTION FOR SANCTIONS

JACK B. SCHMETTERER, Bankruptcy Judge.

On July 26, 1989 Park Place Associates, an Illinois limited partnership ("Park Place or Debtor"), filed in this case a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. Shortly thereafter Heller Financial, Inc. ("Heller"), the principal secured creditor of Park Place, moved to lift the automatic stay under 11 U.S.C. § 362 and/or to dismiss the...

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