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IN RE 400 WALNUT ASSOCIATES, L.P.

Bankruptcy No. 10-16094 SR. Adversary No. 10-0456.

461 B.R. 308 (2011)

In re 400 WALNUT ASSOCIATES, L.P., Debtor(s). 400 Walnut Associates, L.P., Plaintiff(s) v. 4th Walnut Associates, L.P., Ivy Realty LII, LLC, and Ivy Realty Services, LLC, Defendant(s).

United States Bankruptcy Court, E.D. Pennsylvania.

October 20, 2011.

Attorney(s) appearing for the Case

George M. Conway, Esquire , Philadelphia, PA, Office of the United States Trustee.

Aris J. Karalis, Esquire , Robert W. Seltzer, Esquire , Frank S. Marinas, Esquire , Maschmeyer Karalis, P.C., Philadelphia, PA, for Debtor.

Francis M. Correll, Jr., Esquire , Domenic E. Pacitti, Esquire , Margaret M. Manning, Esquire , Shahan G. Teberian, Esquire , Klehr Harrison Harvey Branzburg LLP, Philadelphia, PA, for 4th Walnut Associates, LP.

OPINION

STEPHEN RASLAVICH, Chief Judge.

Introduction

Before the Court is the Debtor's Objection to Proof of Claim No. 7-3 filed by secured creditor 4th Walnut Associates, L.P. (4th Walnut). The Objection is contained within Count VIII of this adversary proceeding. The Objection is opposed and a trial on the matter was held on July 27, 2011. Thereafter, Memoranda of Law were submitted and the Court took the matter under advisement. For the...

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