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IN RE HARBOUR POINTE LTD. PARTNERSHIP

Bankruptcy No. 91-00277, Adv. No. 91-0028.

132 B.R. 501 (1991)

In re HARBOUR POINTE LIMITED PARTNERSHIP, Debtor. FIRST AMERICAN BANK OF VIRGINIA/WNB CORP., Plaintiff, v. HARBOUR POINTE LIMITED PARTNERSHIP, Defendant.

United States Bankruptcy Court, District of Columbia.

October 15, 1991.

Attorney(s) appearing for the Case

Timothy A. Nelson, Washington, D.C., for plaintiff.

Emil Hirsch, Washington, D.C., for defendant.

SUPPLEMENTAL DECISION

S. MARTIN TEEL, Jr., Bankruptcy Judge.

The debtor owns, subject to the bank's lien, a boat marina on the Occoquan River in Woodbridge, Virginia and some adjacent or nearby vacant land. The bank sued for a declaration that the debtor's rents from the marina are the bank's cash collateral. After trial, the court, in an oral decision, found that the debtor had no equity in its property after the bank's lien. The court further concluded...

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