Bear Valley Mutual Water Co. v. Prestige Point (In Re Prestige Point)

MEMORANDUM OF DECISION GRANTING DECLARATORY RELIEF AND FINDING DEBTOR HAS NO INTEREST IN THE MASONIC LEASE

LYNNE RIDDLE, Bankruptcy Judge.

JURISDICTION

This court has jurisdiction under 28 U.S.C. § 1334. Further, since the question to be resolved involves Debtor’s rights in property, this matter is a core proceeding which may be resolved by the Bankruptcy Court. 28 U.S.C. Section 157(b)(1).

BACKGROUND FACTS

Debtor, Prestige Point, a joint venture, filed a voluntary petition for protection under Chapter 11 of Title 11 U.S.C. on December 12, 1986. The venture between James Hunter Construction…