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IN RE 1567 BROADWAY OWNERSHIP ASSOCIATES

Bankruptcy No. 96 B 42017 (JGK).

202 B.R. 549 (1996)

In re 1567 BROADWAY OWNERSHIP ASSOCIATES, Debtor.

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

November 7, 1996.

Attorney(s) appearing for the Case

Helen Davis Chaitman, Ross & Hardies, Somerset, NJ, Joshua J. Angel, Angel & Frankel, New York City, for Appellant.

Charlotte M. Fischman, Marc A. Goodman, Kramer, Levin, Naftalis, Nessen, Kamin & Frankel, New York City, for Respondent.

Jeffrey C. Chancas, Borah, Goldstein, Altschuler & Schwartz, New York City, for Receiver.

OPINION AND ORDER

KOELTL, District Judge:

On September 27, 1996, the United States Bankruptcy Court for the Southern District of New York (Gallet, J.) ordered the lifting of the automatic stay imposed by section 362(a) of the Bankruptcy Code to allow Banque Nationale de Paris ("BNP") to complete its foreclosure sale of property owned by 1567 Broadway Ownership Associates ("the debtor"). This property, the premises...

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