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IN RE WOODSTONE LTD. PARTNERSHIP

Bankruptcy No. 189-93578-352.

133 B.R. 678 (1991)

In re WOODSTONE LIMITED PARTNERSHIP, d/b/a Woodstone Apartments, Debtor.

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

November 8, 1991.

Attorney(s) appearing for the Case

Levine, Weinberg, Kaley & Pergament, P.C., Garden City, N.Y., for Woodstone Ltd. Partnership.

Philips, Nizer, Benjamin, Krim & Ballon, Garden City, N.Y., for First Gibralter Bank.

MARVIN A. HOLLAND, Bankruptcy Judge:

First Gibralter Bank (hereinafter "FGB") filed a proof of a secured claim in the amount of $5,153,151, exclusive of interest, costs, expenses and attorneys' fees, against the debtor in possession, Woodstone Limited Partnership (hereinafter "the debtor" or "Woodstone"). Woodstone moved to reduce or expunge the secured claim of FGB, or, in the alternative, to reduce or reclassify FGB's secured claim and to determine the validity...

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