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IN RE 680 FIFTH AVE. ASSOCIATES

Bankruptcy No. 92-44734.

154 B.R. 38 (1993)

In re 680 FIFTH AVENUE ASSOCIATES, Debtor.

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

April 28, 1993.

Attorney(s) appearing for the Case

Proskauer Rose Goetz & Mendelsohn by Jeffrey Levitan, New York City, to the debtor and debtor-in-possession.

Cadwalader Wickersham & Taft by Edwin David Robertson, New York City, for Mutual Ben. Life Ins. Co. in Rehabilitation, Successor to Mut. Ben. Life Ins. Co.

Berlack Israels & Liberman by Steven Greenbaum and Robert Miller, New York City, for the Official Committee of Unsecured Creditors.

CORRECTED TEXT OF BENCH RULING DELIVERED ON FEBRUARY 22, 1993 ON MOTION TO PAY PROFESSIONALS' FEES PURSUANT TO EQUITIES EXCEPTION OF SECTION 552(B)

TINA L. BROZMAN, Bankruptcy Judge.

Today's dispute, in this most contentious of cases, is illustrative of the problems a debtor-in-possession faces when its relationship with a secured creditor sours and it has no other source of funds from which to compensate...

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