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IN RE SCANDIA BUILDERS, INC.

No. B77-1600A.

446 F.Supp. 115 (1978)

In re SCANDIA BUILDERS, INC., Debtor. Kyle R. WEEMS, Trustee of Hamilton Mortgage Corporation and Federal Deposit Insurance Corporation, Appellants, v. SCANDIA BUILDERS, INC., Appellees.

United States District Court, N. D. Georgia, Atlanta Division.

February 16, 1978.

Attorney(s) appearing for the Case

J. M. Hewson, III, Savannah, Ga., Robert C. Boozer and David G. Bisbee, Troutman, Sanders, Lockerman & Ashmore, Atlanta, Ga., for debtor appellee Scandia Builders, Inc.

Joseph J. Burton, Jr., Atlanta, Ga., for Kyle Weems.

Paul Burke O'Hearn, Atlanta, Ga., for Federal Deposit Insurance Corp.

ORDER OF COURT

MOYE, District Judge.

This bankruptcy matter involving an arrangement under Chapter XI of the Bankruptcy Act, 11 U.S.C. §§ 701-799, is before this Court on appeal from orders of the bankruptcy court of September 2, and 29, 1977. By these orders the bankruptcy court authorized the debtor to borrow up to $50,000 and to secure that debt with certificates of indebtedness which would have priority over any preexisting secured interest...

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