IN RE CADWELL'S CORNERS PARTNERSHIP

Bankruptcy No. 94 B 17359.

174 B.R. 744 (1994)

In re CADWELL'S CORNERS PARTNERSHIP, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

November 17, 1994.


Attorney(s) appearing for the Case

John D. Lien, Bradley S. Block, Foley & Lardner, Chicago, IL, for Massachusetts Mutual Life Ins. Co.

Daniel A. Zazove, Siegan, Barbakoff, Gomberg & Kane, Chicago, IL, for the receiver.

Mark S. Lieberman, Joseph A. Baldi, Rosenthal & Schanfield, Chicago, IL, for debtor Cadwell's Corners Partnership.


MEMORANDUM OPINION

ERWIN I. KATZ, Bankruptcy Judge.

The Debtor, Cadwell's Corners Partnership (the "Debtor" or "Cadwell's") is the owner of a strip shopping center subject to a first mortgage and assignment of rents held by Massachusetts Mutual Life Insurance Company ("Mass Mutual"). Upon default by the Debtor, Mass Mutual obtained the appointment of a receiver in a state court foreclosure action. Soon thereafter, the Debtor filed this Chapter 11...

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