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IN RE SCARSDALE REALTY PARTNERS, L.P.

Bankruptcy No. 98-B22279 ASH.

232 B.R. 300 (1999)

In re SCARSDALE REALTY PARTNERS, L.P., Debtor.

United States Bankruptcy Court, S.D. New York, White Plains Division.

April 22, 1999.

Attorney(s) appearing for the Case

Joel M. Rosen, Pitney, Hardin, Kipp & Szuch, Morristown, NJ, for IDS Life Insurance Co.

Joshua J. Angel, Robert A. Abrams, Angel & Frankel, P.C., New York City, for Debtor.

MEMORANDUM DECISION

ADLAI S. HARDIN, Jr., Bankruptcy Judge.

The issue presented on this motion is whether a secured creditor may rescind its election to treat its claim as fully secured under 11 U.S.C. § 1111(b) on the basis of material, previously undisclosed information divulged in an amended disclosure statement. On the facts of this case, I conclude that the secured creditor may rescind its Section 1111(b) election.

Jurisdiction...

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