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IN RE 641 ASSOCIATES, LTD.

Bankruptcy No. 91-11234S, Adv. No. 92-0036S.

140 B.R. 619 (1992)

In re 641 ASSOCIATES, LTD., Debtor. 641 ASSOCIATES, LTD., Plaintiff, v. BALCOR REAL ESTATE FINANCE, INC., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

May 13, 1992.

Attorney(s) appearing for the Case

Lawrence J. Tabas, Obermayer, Rebmann, Maxwell, & Hippel, Philadelphia, Pa., for debtor, plaintiff.

Bruce Roswick, New York City, Jeffrey Meyers, Philadelphia, Pa., for defendant.

David J. Toll, Patterson & Weir, Philadelphia, Pa., for Continental Bank.

Matthew J. Gold, Schulte Roth & Zabel, New York City, for Citicorp/Citibank.

Frederic Baker, Philadelphia, Pa., Asst. U.S. Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

Presently before us in the voluntary Chapter 11 bankruptcy case of 641 Associates, Ltd. ("the Debtor"), a single-asset realty partnership, are (1) the Debtor's request that we confirm its First Amended Plan of Reorganization ("the Plan") over the opposition of the Debtor's principal secured lender, Balcor Real Estate Finance, Inc. ("Balcor"); (2) a motion of Balcor seeking relief from the...

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