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IN RE MARKOS GURNEE PARTNERSHIP

Bankruptcy Nos. 91B17242, 91B18792, 91B18793.

252 B.R. 712 (1997)

In re MARKOS GURNEE PARTNERSHIP, Diplomat North, Inc., and PCS Hotels, Debtors.

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

April 1, 1997.

Attorney(s) appearing for the Case

Richard C. Jones, Jr., Jones & Jacobs, Chicago, IL, for First Midwest Bank/Illinois, N.A.

Catherine L. Steege, Jenner & Block, Chicago, IL, Chapter 7 Trustee.

MEMORANDUM OF DECISION

EUGENE R. WEDOFF, Bankruptcy Judge.

These bankruptcy cases, originally filed separately under Chapter 11 but later consolidated and converted to Chapter 7, are now before the court on the motion of a secured creditor for payment of an escrow account. The escrow account was established to provide adequate protection to the moving creditor while the bankruptcy estate was being operated by a Chapter 11 trustee. The issue ultimately raised...

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