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IN RE RIVER CENTER HOLDINGS, LLC

Bankruptcy Nos. 01-11004 to 01-11006(REG), Adversary No. 01-8177 (REG).

288 B.R. 59 (2003)

In re RIVER CENTER HOLDINGS, LLC, River Center, LLC, and Rein, LP, Debtors. Blackacre Bridge Capital LLC and SWH Funding Corp., Plaintiffs, v. Joseph Korff, Defendant.

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

January 6, 2003.

Attorney(s) appearing for the Case

Schulte Roth & Zabel LLP, New York City, by Michael L. Cook, David M. Hillman, for Plaintiffs Blackacre Bridge Capital LLC and SWH Funding Corp.

Dickstein Shapiro Morin & Oshinsky, LLP, New York City, by Neal S. Barlia, for Defendant Joseph Korff.

Angel & Frankel, P.C., New York City, by Bruce Frankel, for the Debtors.

DECISION ON REMAND AND ABSTENTION MOTION

ROBERT E. GERBER, Bankruptcy Judge.

This adversary proceeding, a lender's suit on a guaranty of secured debt, was brought by secured creditors and plaintiffs SWH Funding Corp. ("SWH") and Blackacre Bridge Capital, L.L.C. (together, the "Blackacre Lenders") against defendant Joseph Korff, the debtor's president, in state court, and then removed by Mr. Korff to this Court. It lies under the umbrella of the chapter...

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