In re Pittsburgh-Duquesne Development Co.

OPINION

ROSENBERG, District Judge.

Presently before me for consideration is the “Application of Trustee for Authority to Borrow Money” in a sum not to exceed $30,000.00 for the purpose of making certain repairs and improvements on the remaining asset of the debtor’s estate, in order to prepare that asset in accordance with a sub-lease agreement with the United States General Services Administration (“GSA”).

This action was commenced as a Real Property Arrangement under § 422 of Chapter XII of the Bankruptcy Act, 11 U.S.C. § 822. On May 29,1969 the debtor was authorized to remain in possession…