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IN RE 400 WALNUT ASSOCIATES LP

No. 10-16094 SR.

454 B.R. 601 (2011)

In re 400 WALNUT ASSOCIATES LP, Debtor(s).

United States Bankruptcy Court, E.D. Pennsylvania.

Opinion Denying Motion for Reconsideration June 23, 2011.

Attorney(s) appearing for the Case

George M. Conway, Esquire, Philadelphia, PA, for United States Trustee.

Aris J. Karalis, Esquire, Robert W. Seitzer, Esquire, Maschmeyer Karalis, P.C., Philadelphia, PA, for Debtor.

Francis M. Correll, Jr., Esquire, Domenic E. Pacitti, Esquire, Margaret M. Manning, Esquire, Klehr Harrison Harvey, Branzburg LLP, Philadelphia, PA, for 4th Walnut Associates, LP.

Lawrence J. Kotler, Esquire, Duane Morris LP, Philadelphia, PA, Gerard S. Catalanello, Esquire, Duane Morris LP, New York, NY, for RAIT LP.

Jeffrey C. Venzie, Esquire, Venzie Phillips & Warshawer, Philadelphia, PA, for Sunlight Elec. Contracting.

OPINION

STEPHEN RASLAVICH, Chief Judge.

Introduction

Before the Court is the Debtor's Motion for Use of Cash Collateral and 4th Walnut Street, L.P.'s corresponding Motion for Relief from the Automatic Stay. Each motion is opposed. A hearing on the matter was held on December 9, 2010. At the hearing, the parties agreed that a ruling on a preliminary issue was in order before the competing Motions proceeded further. Briefs were submitted on...

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