IN RE HIGHLAND PARK ASSOCIATES LTD. PARTNERSHIP I

Bankruptcy Nos. 91 B 00887, 91 B 00888.

130 B.R. 55 (1991)

In re HIGHLAND PARK ASSOCIATES LIMITED PARTNERSHIP I, an Illinois limited partnership, and River Park, Inc., f/k/a Brickman Limited, an Illinois corporation d/b/a Highland Park Country Club, Debtors.

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

July 16, 1991.


Attorney(s) appearing for the Case

Mark S. Lieberman, David A. Golin, Rosenthal & Schanfield, P.C., Chicago, Ill., for the debtors.

John S. Mrowiec, Edward S. Weil, Greenberger, Krauss & Jacobs, Chicago, Ill., for LaSalle Nat Bank.

Richard C. Friedman, Dept. of Justice, Office of U.S. Trustee.

Michael L. Molinaro, Katten, Muchin & Zavis, Chicago, Ill., for Christopher Burke Engineering.

Matthew Hurd, Wildman, Harrold, Allen & Dixon, Chicago, Ill., for Highland Park Country Club Note Associates.

Jerome H. Torshen, Mark F. Schoenfield, Torshen, Schoenfield & Spreyer, Chicago, Ill., for William Brickman.

Arthur G. Simon, Dannen, Crane, Heyman & Simon, Chicago, Ill., for Robert and Michael Brickman.


MEMORANDUM OPINION

RONALD S. BARLIANT, Bankruptcy Judge.

The LaSalle National Bank ("LaSalle Bank"), has moved for relief from the automatic stay or for dismissal or conversion of these chapter 11 cases to chapter 7. The LaSalle Bank wants to foreclose its mortgage on the Debtor's golf course and adjoining property. LaSalle Bank has also moved for the turnover of proceeds or sequestration of proceeds of the operation...

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