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MATTER OF STATE CAPITAL CORP.

Bankruptcy Nos. 85-430 thru 85-440 and 85-447.

51 B.R. 400 (1985)

In the Matter of STATE CAPITAL CORPORATION, Florida Consolidated Equities Corp., First Continental Realty Corp., Berkley Multi-Units, Inc., Multi-National Motel Management, Inc., GreenAcres Country Day School, Inc., Booi Services, Inc., P. Jodana, Inc., Standard Bearings & Parts, Inc., Resort Condo Motel, Inc., Pied Piper Learning Center, Inc., Sunny Beach Motel, Inc., Debtor(s).

United States Bankruptcy Court, M.D. Florida, Tampa Division.

July 22, 1985.

Attorney(s) appearing for the Case

Donald Schutz, Tampa, Fla., for debtor.

Joseph Gassen, Miami, Fla., for Berkley Multi-Units.

Charles Ketchey, Tampa, Fla., for GreenAcres Country Day.

Raymond Ray, Fort Lauderdale, Fla., for Multi-National.

MEMORANDUM OPINION ON REPORT AND RECOMMENDATIONS OF THE EXAMINER

ALEXANDER L. PASKAY, Chief Judge.

On February 15, 1985, State Capital Corporation (State Capital) and eleven other corporate entities affiliated with State Capital filed their respective Petitions for Relief under Chapter 11 of the Bankruptcy Code. Shortly after the commencement of these cases, Gerald Lewis, the Comptroller of the State of Florida, filed a Motion and sought the appointment...

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