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IN RE OCEAN BEACH PROPERTIES

Bankruptcy Nos. 92-06689-R, 92-06691-R.

148 B.R. 494 (1992)

In re OCEAN BEACH PROPERTIES and Ocean Shore Investments, Debtors.

United States Bankruptcy Court, E.D. Michigan.

December 8, 1992.

Attorney(s) appearing for the Case

Geoffrey L. Silverman, Southfield, MI, for Ocean Beach Properties.

Stuart Gold, Southfield, MI, for Ocean Shore Investments.

David Black, Southfield, MI, for creditor.

SUPPLEMENTAL OPINION GRANTING MOTION TO LIFT STAY1

STEVEN W. RHODES, Bankruptcy Judge.

I.

Ocean Beach Properties and Ocean Shore Investments (collectively the debtors or the partnerships) are two related general partnerships which own three undeveloped parcels on an island off the eastern coast of Florida. These entities are the debtors in this consolidated Chapter 11 proceeding. First National Bank and Trust Company...

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