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IN RE VERMONT INV. LTD. PARTNERSHIP

Bankruptcy No. 91-00320.

142 B.R. 571 (1992)

In re VERMONT INVESTMENT LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, District of Columbia.

July 6, 1992.

Attorney(s) appearing for the Case

Stephen E. Leach, Tucker, Flyer & Lewis, Washington, D.C., for debtor.

DECISION RE MOTION FOR RELIEF FROM AUTOMATIC STAY

S. MARTIN TEEL, Jr., Bankruptcy Judge.

The debtor opposes the motion of Homefed Bank, F.S.B. for relief from the automatic stay by contending that the bank was required to apply post-petition receipts of rent collateral to reduce the principal of the bank's allowed secured claim. For reasons developed below, the court rejects that contention.

Facts

The debtor, Vermont Investment Limited...

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