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IN RE VIENNA PARK PROPERTIES

Bankruptcy No. 89-B-12967 (CB).

132 B.R. 517 (1991)

In re VIENNA PARK PROPERTIES, a limited Partnership, Debtor.

United States Bankruptcy Court, S.D. New York.

October 4, 1991.

Attorney(s) appearing for the Case

Glass & Eckstein, P.C., a member of the firm Tenzer, Greenblatt, Fallon & Kaplan by James D. Glass, Andrew B. Eckstein, New York City, for debtor.

Stroock & Stroock & Lavan by Fred S. Hodara, Lisa Beckerman-Stenlake, New York City, for the Resolution Trust Corp., as conservator for Trustbank Federal Sav. Bank, and United Postal Sav. Ass'n.

CORNELIUS BLACKSHEAR, Bankruptcy Judge.

This matter comes to this Court pursuant to a motion (the "Motion") by Vienna Park Properties (the "Debtor"), under section 506(a) of the Bankruptcy Code (the "Code"), seeking a determination of the current value of a 300 unit garden apartment complex (the "Property") located in Vienna, Virginia. The Property is the Debtor's principal asset. The secured creditors, consisting of Resolution Trust Corporation, as conservator for...

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