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IN RE LANCASTER RESIDENTIAL INVESTORS

Bankruptcy No. 78-1537WK.

2 B.R. 140 (1980)

In re LANCASTER RESIDENTIAL INVESTORS, (a Limited Partnership) (Hempfield Investors—Bankruptcy No. 78-1538WK consolidated with this Case), Debtor. LANCASTER RESIDENTIAL INVESTORS, Plaintiff, v. NORTH AMERICAN LIFE ASSURANCE COMPANY, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

Reconsideration Denied January 21, 1980.

Attorney(s) appearing for the Case

Melvin Lashner, Law Offices of Adelman & Lavine, Philadelphia, Pa., for debtor/plaintiff.

Michele Langer, Toll & Ebby, Philadelphia, Pa., for defendant.

Michael L. Temin, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for State Mut. Life Assur. Co. of America.

OPINION

WILLIAM A. KING, Jr., Bankruptcy Judge.

In this adversary proceeding, the debtor-in-possession, Lancaster Residential Investors (Lancaster), seeks to use insurance proceeds from a fire loss to repair its damaged property.

Briefly summarized, the facts are as follows:

Lancaster and Hempfield Investors jointly own an apartment complex located in Lancaster County, Pennsylvania, comprising 364 units and known as Covered Bridge Apartments...

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