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IN RE SKYLER RIDGE

Bankruptcy No. LA 87-13216-SB.

80 B.R. 500 (1987)

In re SKYLER RIDGE, Debtor.

United States Bankruptcy Court, C.D. California.

December 15, 1987.

Attorney(s) appearing for the Case

Leslie A. Cohen of Levene & Eisenberg, Los Angeles, Cal., for debtor.

Lawrence Meyerson of Rosen, Wachtell & Gilbert, Los Angeles, Cal., for secured creditor Travelers Ins. Co.

FIRST AMENDED MEMORANDUM OF DECISION

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

Secured creditor Travelers Insurance Company ("Travelers") brings this motion pursuant to Bankruptcy Rule 30121 for a determination of the amount of its first priority lien on the debtor's principal asset, a 448-unit apartment complex located in Overland Park, Kansas.

The debtor has proposed a sale of the property for ...

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