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IN RE 495 CENT. PARK AVE. CORP.

Bankruptcy No. 91 B 21387.

136 B.R. 626 (1992)

In re 495 CENTRAL PARK AVENUE CORP., Debtor.

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

February 4, 1992.

Attorney(s) appearing for the Case

Rattet & Company, P.C., Harrison, N.Y., for debtor.

Stockschlaeder & McDonald, New York City, for John Hancock.

Reich and Reich, P.C., White Plains, N.Y., for Viewpoint Realty Corp.

DECISION ON APPLICATION FOR AN ORDER AUTHORIZING SENIOR SECURED CREDIT UNDER SECTION 364(d)

HOWARD SCHWARTZBERG, Bankruptcy Judge.

495 Central Avenue Corp. ("495 Central Avenue"), the debtor in this Chapter 11 case, has moved pursuant to 11 U.S.C. § 364(d) for an order authorizing it to borrow funds from either Leon Silverman ("Silverman") and Tom Borek ("Borek"), shareholders of the debtor, or from third-party lenders supported by the personal guaranties...

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