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  5. 881 F.2d 1346 (1989)
 

MATTER OF SANDY RIDGE DEVELOPMENT CORP.

No. 88-3072.

881 F.2d 1346 (1989)

In the Matter of SANDY RIDGE DEVELOPMENT CORPORATION, Debtor. SANDY RIDGE DEVELOPMENT CORPORATION, Appellant, v. LOUISIANA NATIONAL BANK, Appellee.

United States Court of Appeals, Fifth Circuit.

September 5, 1989.

Attorney(s) appearing for the Case

John C. Anderson, Jack Patrick Harris, Baton Rouge, La., for appellant.

Fredrick R. Tulley, Joseph R. Martin, Baton Rouge, La., John R. Tharp, Fredrick R. Tulley, Baton Rouge, La., for La. Nat. Bank.

James R. Austin, Stacy E. Grove, Baton Rouge, La., for Livingston Bank.

Michael Harig, Baton Rouge, La., for Evans Graves Engineers, Inc.

Ralph Hood, Baton Rouge, La., for Contractors, Inc.

Before WISDOM, GARWOOD and JOLLY, Circuit Judges.

GARWOOD, Circuit Judge:

Debtor-appellant Sandy Ridge Development Corporation (Sandy Ridge) appeals the district court's affirmance of the bankruptcy court's rejection of its Chapter 11 reorganization plan. We reverse and remand.

Facts and Proceedings Below

Sandy Ridge was formed in 1982 by John C. Wiese (Wiese) and John B. Hamilton (Hamilton) for the purpose of developing commercial and residential real estate in the vicinity of Baton Rouge, Louisiana...

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