In Re CCN Realty Corp.

HOWARD SCHWARTZBERG, Bankruptcy Judge.

CCN Realty Corp., the debtor in possession in this Chapter 11 case seeks an order under 11 U.S.C. § 543 directing a receiver appointed by the New York Supreme Court, Westchester County, in a mortgage foreclosure action brought by the Flushing Savings Bank, to turn over rents that the receiver collected on behalf of the debtor. The Flushing Savings Bank resists the motion and argues that a turnover of the funds now in the hands of the receiver, approximating $60,000, would impair the rights of the bank because the receiver was appointed for its benefit in…