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IN RE 1350 PICCARD LTD. PARTNERSHIP

Bankruptcy No. 92-00037.

148 B.R. 83 (1992)

In re 1350 PICCARD LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, District of Columbia.

April 8, 1992.

Attorney(s) appearing for the Case

Lorraine O'Hanlon, Gold & Stanley, Alexandria, VA, for debtor.

Jonathan W. Lipshie, Warren S. Oliveri, Jr., Washington, DC, for the Resolution Trust Corp.

DECISION RE RTC'S MOTION TO PROHIBIT DEBTOR'S USE OF CASH COLLATERAL

S. MARTIN TEEL, Jr., Bankruptcy Judge.

The debtor's secured creditor claims that the debtor ought to be prohibited from using the rents from the debtor's office building on three grounds:

(1) that it holds an absolute assignment of the rents; (2) that it perfected a security interest in the rents pre-petition by virtue of having commenced foreclosure proceedings; and...

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