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MATTER OF BLEAUFONTAINE, INC.

Nos. 78-2945 to 78-2947, 79-1725, 79-1727, 79-1728, 79-1730 to 79-1732, 79-1735 and 79-1736.

634 F.2d 1383 (1981)

In the Matter of BLEAUFONTAINE, INC., Bankrupt. BLEAUFONTAINE, INC., Appellant, v. ROLAND INTERNATIONAL et al., Appellees. In the Matter of BLUEVACK, INC., Bankrupt. BLUEVACK, INC., Appellant, v. ROLAND INTERNATIONAL CORP. et al., Appellees. In the Matter of FONTAINEBLEAU HOTEL CORP., Bankrupt. FONTAINEBLEAU HOTEL CORP., Appellant, v. ROLAND INTERNATIONAL CORP. and Larry Gilbert et al., Appellees. In the Matter of Ben NOVACK, Bankrupt. Ben NOVACK, Appellant, v. ROLAND INTERNATIONAL et al., Appellees. In the Matter of Ben NOVACK, Bankrupt. Ben NOVACK, Appellant, v. R. C. GARDNER, Jr. and Larry Gilbert, Trustees, Appellees. In the Matter of Ben NOVACK, Bankrupt. Ben NOVACK, Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees. In the Matter of BLEAUFONTAINE, INC., Bankrupt. BLEAUFONTAINE, INC., Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees. In the Matter of BLEAUFONTAINE, INC., Bankrupt. BLEAUFONTAINE, INC., Appellant, v. R. C. GARDNER and Larry Gilbert, Trustees, Appellees. In the Matter of BLUEVACK, INC., Bankrupt. BLUEVACK, INC., Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees. In the Matter of BLUEVACK, INC., Bankrupt. BLUEVACK, INC., Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees. In the Matter of FONTAINEBLEAU HOTEL CORPORATION, Bankrupt. FONTAINEBLEAU HOTEL CORPORATION, Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees. In the Matter of FONTAINEBLEAU HOTEL CORPORATION, Bankrupt. FONTAINEBLEAU HOTEL CORPORATION, Appellant, v. R. C. GARDNER, Jr., and Larry Gilbert, Trustees, Appellees.

United States Court of Appeals, Fifth Circuit. Unit B

January 26, 1981.

Attorney(s) appearing for the Case

Irving Schulman, Miami, Fla., Ronald S. Itzler, New York City, for appellants in all cases.

Martin L. C. Feldman, Robert A. Kutcher, New Orleans, La., for appellants in 78-2945, 78-2946 and 78-2947.

Walter H. Beckham, Jr., Joel D. Eaton, Aaron Podhurst, James E. Yacos, Miami, Fla., for Roland Int'l Corp.

Friedman & Britton, Friedman, Britton, Cohen, Kaufman, Zinkow, Benson & Schantz, John L. Britton, Lawrence M. Schantz, Francis L. Carter, Miami, Fla., for Larry Gilbert and R. C. Gardner.

Richard Weinberger, Ballon, Stoll & Itzler, New York City, for appellants in 79-1725, 79-1727, 79-1728, 79-1730 to 79-1732, 79-1735 and 79-1736.

Before GEWIN, RONEY, and FRANK M. JOHNSON, Jr., Circuit Judges.

GEWIN, Circuit Judge:

This case represents twelve consolidated appeals1 from three orders of the district court, which served to effectively approve the bankruptcy court's confirmation of the sale of the bankrupts' assets to the appellees.2 We affirm for the reasons stated below.

Appellants were voluntarily adjudicated bankrupts after various rehabilitative measures proved unsuccessful. Subsequent to...

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