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IN RE IRONSIDES, INC.

Bankruptcy No. 38202325.

35 B.R. 308 (1983)

In re IRONSIDES, INC., Debtor.

United States Bankruptcy Court, W.D. Kentucky.

December 20, 1983.

Attorney(s) appearing for the Case

August A. Klapheke, Charles I. Sandmann, Louisville, Ky., for debtor.

Frank Yates, Louisville, Ky., for Stewart Smythe.

Ben J. Talbott, Jr., Louisville, Ky., for Business Development Corp. and Kentucky Development Finance Authority.

Richard A. Getty, Louisville, Ky., for petitioning unsecured creditors.

Charles E. Peyton, Louisville, Ky., trustee.

MEMORANDUM AND ORDER

MERRITT S. DEITZ, Jr., Bankruptcy Judge.

Our order of November 10, 1983, converting the Chapter 11 proceeding of Ironsides, Inc. to a liquidation case, upon the debtor's own motion, has precipitated a flurry of final salvage efforts by a stockholder and the unsecured creditors' committee. The efforts take the form of motions (a) to set aside or reconsider our order of conversion; (b) to dismantle and reassemble equity ownership of the...

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