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IN RE NORTH WASHINGTON CENTER LTD. PARTNERSHIP

Bankruptcy No. 92-1-3965-SD.

165 B.R. 805 (1994)

In re NORTH WASHINGTON CENTER LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, D. Maryland, at Rockville.

April 5, 1994.

Attorney(s) appearing for the Case

Jeffrey L. Tarkenton, David & Hagner, P.C., Washington, DC, for New York Life Ins. Co.

Janet Nesse, Gins & Seeber, P.C., Washington, DC, for debtor.

MEMORANDUM OF DECISION

DUNCAN W. KEIR, Bankruptcy Judge.

This matter is before the Court on NY Life's Motion for Relief from the automatic stay under Section 362(a) to vacate the stay to permit the secured creditor, who holds the deed-of-trust upon the property, to foreclose upon that trust. The grounds alleged by the secured creditor are that there is no equity in the property and that it is not needed for...

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