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IN RE CASTLE RANCH OF RAMONA, INC.

Bankruptcy No. 79-03419-KZ.

3 B.R. 45 (1980)

In re CASTLE RANCH OF RAMONA, INC., a California Corporation, Debtor. CASTLE RANCH I, LTD., a limited partnership and Castle Ranch II, Ltd., a limited partnership, Plaintiffs, v. CASTLE RANCH OF RAMONA, INC., a California Corporation, Defendant.

United States Bankruptcy Court, S.D. California.

As Amended February 28, 1980.

Attorney(s) appearing for the Case

Robert G. Sullivan, of Thompson, Sullivan, McGrath & McDonald, San Diego, Cal., for debtor.

John A. Graham, Beverly Hills, Cal., for Castle Ranch I & II, plaintiffs.

MEMORANDUM OF OPINION VACATING § 362 STAY

HERBERT KATZ, Bankruptcy Judge.

This is an action seeking relief from the automatic stay provisions of § 362(a) of the Bankruptcy Code [11 U.S.C. § 362(a)], brought by two limited partnerships who are the beneficiaries of an all inclusive deed of trust on property owned by the debtor which secures a promissory note in the original principal amount of $1,396,109.00.

The debtor acquired the property...

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