MATTER OF 183 LORRAINE STREET ASSOCIATES

Nos. 95-CV-5062, 95-CV-5348, 96-CV-119, 96-CV-211 and 96-CV-818.

198 B.R. 16 (1996)

In the Matter of 183 LORRAINE STREET ASSOCIATES, Debtor.

United States District Court, E.D. New York.

July 3, 1996.


Attorney(s) appearing for the Case

Joseph Fischer, New York City, pro se.

Gerard Zwirn, New York City, for French Bourekas.

Raymond Mellon, Zetlin & DeChiara, New York City, for Appellee.


GLASSER, District Judge:

SUMMARY

This is a state foreclosure action disguised as an involuntary Chapter 11 bankruptcy case. This case illustrates both the extent to which the protections of Chapter 11 can be perverted into weapons against unsuspecting creditors as well as the pitfalls awaiting a mortgagee that does not diligently extricate itself from the bankruptcy appellate process.

The debtor is 183 Lorraine Street Associates ("Lorraine...

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