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IN RE NORTHPORT MARINA ASSOCIATES

Bankruptcy No. 091-71609-21.

136 B.R. 903 (1992)

In re NORTHPORT MARINA ASSOCIATES, Debtor.

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

January 9, 1992.

Attorney(s) appearing for the Case

Platzer, Fineberg & Swergold by Sidney G. Platzer, Spitzer & Feldman by M. James Spitzer, Jr., New York City, for debtor.

Robinson, St. John & Wayne by David H. Stein, New York City, for Citibank, N.A.

Epstein, Becker & Green, P.C. by Daniel R. Wotman, New York City, for North Unity.

Thelen, Marrin, Johnson & Bridges by Daniel L. Saxe, New York City, for Cashman.

Scott Stuart, E.D.N.Y., Garden City, N.Y., Office of the U.S. Trustee.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

Pending before the Court are several motions in this voluntary Chapter 11 proceeding.

Citibank, N.A. ("Citibank"), the Debtor's principal secured creditor, has filed the following motions:

(a) Motion for entry of an order granting relief from the automatic stay pursuant to 11 U.S.C. § 362 for the purposes of (1) allowing Citibank to foreclose on certain real property owned by Northport Marina...

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