IN RE LeMARQUIS ASSOCIATES

Bankruptcy No. 282-04836-D-11, Adv. No. 283-0818.

65 B.R. 719 (1986)

In re LeMARQUIS ASSOCIATES, a limited partnership, Debtor. PASATIEMPO PROPERTIES, a general partnership, Pacific Loan Management, a California corporation, Plaintiffs, v. LeMARQUIS ASSOCIATES, a limited partnership, Does One thru Ten, Defendants.

United States Bankruptcy Court, E.D. California.

April 17, 1986.


Attorney(s) appearing for the Case

Thomas A. Jenkins, Cupertino, Cal., for plaintiffs.

Jim B. Dismukes, Inc., by Joel Drum, Sacramento, Cal., for debtor/defendants.


MEMORANDUM OPINION AND DECISION

LOREN S. DAHL, Chief Judge.

FACTS

Le Marquis Associates (Le Marquis), a limited partnership, was formed in 1981 in order to purchase an apartment complex located at 935 Johnfer Street [sic] in Sacramento, California. On January 8, 1981, Le Marquis executed a promissory note in the amount of $600,000 in favor of the seller, Pasatiempo Properties (Pasatiempo). The total amount...

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