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IN RE OTERO MILLS, INC.

Bankruptcy No. 82-00217 ML.

31 B.R. 185 (1983)

In re OTERO MILLS, INC., a New Mexico corporation, Employer ID No. 85-0194848, Debtor.

United States Bankruptcy Court, D. New Mexico.

April 20, 1983.

Attorney(s) appearing for the Case

Jennie Deden Behles, Albuquerque, N.M., for debtor.

Gail Gottlieb, Norman S. Thayer, Albuquerque, N.M., for Security Bank & Trust.

MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter is before the Court to consider confirmation of the debtor's proposed plan of reorganization. Pursuant to that plan, Security Bank & Trust (Security) is to receive payment on its secured notes if and when the property to be sold under the plan is in fact sold. Security will be deemed to have accepted the plan if its position is not impaired, but takes the legal posture that it can and...

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