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MATTER OF LADYCLIFF COLLEGE

Bankruptcy No. 81 B 12486.

35 B.R. 111 (1983)

In the Matter of LADYCLIFF COLLEGE, Debtor.

United States Bankruptcy Court, S.D. New York.

December 15, 1983.

Attorney(s) appearing for the Case

Shaw, Goldman, Licitra, Levine & Weinberg, P.C., Garden City, N.Y., for debtor.

Plunkett & Jaffe, P.C., New York City, for Dormitory Authority of State of New York.

DECISION ON APPLICATION TO AMEND RETENTION ORDER

EDWARD J. RYAN, Bankruptcy Judge.

On December 21, 1981 Ladycliff College (Ladycliff) filed a petition under Chapter 11 of the Bankruptcy Code. Ladycliff thereafter continued in possession of its property pursuant to Section 1108 of the Code.

On February 6, 1981, Ladycliff and James H. Burns, Inc. (Burns) entered into an agreement whereby Burns was to negotiate and secure a purchase of Ladycliff's real...

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