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IN RE CHATEAU ROYALE, LTD.

Bankruptcy No. 79-04135.

6 B.R. 8 (1980)

In re CHATEAU ROYALE, LTD., Debtor.

United States Bankruptcy Court, N.D. Florida, Pensacola Division.

May 15, 1980.

Attorney(s) appearing for the Case

John E. Venn, Jr., Tampa, Fla., and Samuel J. Zusmann, Jr., Atlanta, Ga., for debtor Chateau Royale, Ltd.

Kenneth R. Ridlehoover, Pensacola, Fla., for creditor, Realty Center, Inc.

OPINION

N. SANDERS SAULS, Bankruptcy Judge.

The facts and status of proceedings with respect to this controversy are as follows: Chateau Royale, Ltd., the debtor in these proceedings, filed its petition under Chapter 11 of Title 11 of the United States Code on October 4, 1979. Preparatory to formulation of its plan, the debtor pursuant to court order sold that certain apartment complex known as Chateau Royale located in Escambia County, Florida, free and...

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