IN RE NORTHWEST 15TH STREET ASSOCIATES

Bankruptcy No. 10-15129 ELF. Adversary No. 10-0328 ELF.

435 B.R. 909 (2010)

In re NORTHWEST 15TH STREET ASSOCIATES, Debtor. The Philadelphia Parking Authority, Plaintiff, v. Northwest 15th Street Associates, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

September 17, 2010.


Attorney(s) appearing for the Case

Patrick J. Doran , Archer & Greiner, P.C., Philadelphia, PA, Jerrold S. Kulback , Archer & Greiner, Haddonfield, NJ, for Plaintiff. Ashely M. Chan , James m. Matour , Hangley Aronchick Segal & Pudlin, Philadelphia, PA, for Defendant.


MEMORANDUM

ERIC L. FRANK, Bankruptcy Judge.

I.

In this adversary proceeding, the Philadelphia Parking Authority ("the PPA") seeks a declaratory judgment determining, inter alia, that, pursuant to the terms of an escrow agreement, it is entitled to the release from escrow of a deed in lieu of foreclosure ("the Deed"). The Deed was executed by the debtor, Northwest 15th Street Associates ("the Debtor") and conveys ownership of the surface...

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