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IN RE BALDWIN PARK TOWNE CENTER, LTD.

Bankruptcy No. SA 94-11492 JR.

171 B.R. 374 (1994)

In re BALDWIN PARK TOWNE CENTER, LTD., A California limited partnership, Debtor. PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, Movant, v. BALDWIN PARK TOWNE CENTER, LTD., A California limited partnership, Respondent.

United States Bankruptcy Court, C.D. California.

As Amended September 1, 1994.

Attorney(s) appearing for the Case

Reed S. Waddell and Craig A. Barbarosh of Pillsbury Madison & Sutro, Los Angeles, CA, for movant.

Jeffrey W. Broker and Paul J. Couchot of Lobel, Winthrop & Broker, Irvine, CA, for debtor/respondent.

MEMORANDUM OPINION

JOHN E. RYAN, Bankruptcy Judge.

Principal Mutual Life Insurance Company ("Principal") seeks relief from the automatic stay to execute on its lien on the principal asset of Baldwin Park Towne Center, Ltd. ("Debtor"), a commercial retail shopping center (the "Property"). Principal contends that Debtor's reorganization plan (the "Plan") must classify the unsecured portion of its claim (the "Deficiency Claim") with the claims of other general...

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