IN RE SMITHFIELD ESTATES, INC.

Bankruptcy No. 8300715.

52 B.R. 220 (1985)

In re SMITHFIELD ESTATES, INC., Debtor.

United States Bankruptcy Court, D. Rhode Island.

August 9, 1985.


Attorney(s) appearing for the Case

Frank Licht, Robert N. Huseby, Sr., Letts, Quinn & Licht, P.C., Providence, R.I., for debtor.

Charles L. Schlumberger, Dept. of Justice, Civ. Div., Washington, D.C., for plaintiff.

Virginia A. Greiman, trustee, Office of the U.S. Trustee, Boston, Mass.


DECISION DENYING CONFIRMATION

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Taken under advisement after hearing on confirmation of the Chapter 11 Plan of Reorganization filed by Smithfield Estates, Inc., and on the objection of the United States Department of Housing and Urban Development (HUD). HUD, the largest creditor in this case, is deemed to be impaired under the plan,1 but the debtor urges nevertheless that the cram-down...

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