United States Bankruptcy Court, D. New Jersey.https://leagle.com/images/logo.png
July 22, 1994.
July 22, 1994.
Attorney(s) appearing for the Case
Timothy P. Neumann, Wood, Broege, Neumann & Fischer, Manasquan, NJ, for debtor.
Richard K. Matanle, Carella, Byrne, Bain, Gilfillan, Cecchi, Stewart & Olstein, Roseland, NJ, for Federal Deposit Ins. Co.
Kevin G. Smith, Riker, Danzig, Scherer, Hyland & Perretti, Morristown, NJ, for Principal Mut. Life Ins. Co.
Gary Eisenberg, William S. Katchen, Lowenstein, Sandler, Kohl, Fisher & Boylan, Roseland, NJ, for United Jersey Bank & United Jersey Bank/Central, N.A.
Vincent F. Papalia, Clapp & Eisenberg, Newark, NJ, for MBL Life Assurance Co.
Jeffrey L. Love, Beattie Padovano, Montvale, NJ, for Confederation Life Ins. Co.
Joseph E. Sales, Norris, McLaughlin & Marcus, Somerville, NJ, for Starbare II Partners, L.P.
United States Bankruptcy Court, D. New Jersey.
MEMORANDUM OPINION
KATHRYN C. FERGUSON, Bankruptcy Judge.
FACTUAL BACKGROUND
John Donato, Jr., d/b/a Mid Atlantic Industrial Co., filed this chapter 11 case on June 5, 1994. The debtor owns and operates fourteen separate commercial real estate properties, and has moved to use the rents derived therefrom as cash collateral. Two secured creditors, Starbare II L.P. and Principal Mutual Life Insurance Company, have entered into consents...
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