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IN RE COASTAL EQUITIES, INC.

Bankruptcy No. 82-01744-M11.

33 B.R. 898 (1983)

In re COASTAL EQUITIES, INC., a California corporation, dba Diversified Financial Systems, et al., Debtor.

United States Bankruptcy Court, S.D. California.

September 28, 1983.

Attorney(s) appearing for the Case

M. James Lorenz, Trustee.

Keith E. McWilliams, Jennings, Engstrand & Henrikson, San Diego, Cal., for trustee.

Victor A. Vilaplana, Gray, Cary, Ames & Frye, Fletcher Paddison, Miller, Boyko & Bell, San Diego, Cal., for debtor.

Patrick C. Shea, Luce, Forward, Hamilton & Scripps, San Diego, Cal., for Class A Creditors Committee.

Perry T. Christison, Christison, Martin, Oggel & Thomas, San Diego, Cal., for Class B Creditors Committee.

OPINION REGARDING CONFIRMATION OF PLAN

JAMES W. MEYERS, Bankruptcy Judge.

I

INTRODUCTION

Coastal Equities, Inc., is a California corporation, incorporated in 1976, which had as its principal business the acquisition and sale of interests in real property. An involuntary petition, under Chapter 7 of the Bankruptcy Code ("Code"), was filed against Coastal Equities on April 29, 1982, which was converted by the debtor to a Chapter 11 proceeding...

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