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IN RE BOULDERS ON THE RIVER, INC.

BAP No. OR-93-1676-AsMeO. Bankruptcy No. 692-64208-R11.

164 B.R. 99 (1994)

In re BOULDERS ON THE RIVER, INC., an Arizona corporation, Debtor. PACIFIC FIRST BANK, through its assignee RT CAPITAL CORPORATION, Appellant, v. BOULDERS ON THE RIVER, INC.; Peter Hrebec III; James Miller; Hrebec Management; Hrebec Properties, Inc., and City of Eugene, Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided February 28, 1994.

Attorney(s) appearing for the Case

James C. Lancaster, Portland, OR, for appellant.

Wilson C. Mulheim, Carolyn G. Wade, Eugene, OR, for appellees.

Before ASHLAND, MEYERS and OLLASON, Bankruptcy Judges.

OPINION

ASHLAND, Bankruptcy Judge:

The debtor proposed a plan of reorganization that restructured the construction loan of the largest secured creditor into permanent financing. The plan paid the note on a 25 year amortization schedule with a balloon payment due at the end of the seventh year. The bankruptcy court found that the plan was proposed in good faith and satisfied the fair and equitable standards under 11 U.S.C. § 1129. We affirm.<...

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