In re DRW PROPERTY CO. 82 d/b/a Apache Arms (The Single Original Hereof Shall Be Deemed Filed Under Each Partnership Debtor and In Each Case Listed In the Caption of the Order Procedurally Consolidating Cases For Certain Administrative Purposes Entered on March 29, 1985 and as Supplemented on April 10, 1985), Debtor.
In re OAKS II OF JACKSONVILLE, LTD. d/b/a Oaks II, Debtor.
In re OAKS II OF JACKSONVILLE, LTD. d/b/a Oaks III, Debtor.
In re RIVER RUN ASSOCIATES, LTD. d/b/a River Run, Debtor.
United States Bankruptcy Court, N.D. Texas, Fort Worth Division.https://leagle.com/images/logo.png
October 30, 1985.
October 30, 1985.
Attorney(s) appearing for the Case
Robin Phelan, Haynes & Boone, Dallas, Tex., for movants/debtor partnerships.
Steve McCartin, Gardere & Wynne, Dallas, Tex., for Donald R. Walker.
George McElreath, U.S. Trustee's Office, Asst. U.S. Trustee, Dallas, Tex., for U.S. Trustee.
Philip Pierce, Booth, Marcus & Pierce, New York City, Arthur Ungerman, Ungerman & Vickers, Dallas, Tex., for Official Investors Committee.
Linda Groves, Dept. of Justice, Tax Div., Dallas, Tex., for I.R.S.
Edward L. Rothberg, Lapin, Totz & Mayer, Houston, Tex., for Corporate Investments, Inc.
Bruce S. Zeftel, Saperston, Day, Lusting, Gallick, Kirscher & Gaglione, P.C., Buffalo, N.Y., Deborah K. Poole, Vetter, Bates, Tibbals, Lee & Debusk, Dallas, Tex., for Goldome FSB.
Richard G. Dafoe, Vial, Hamilton, Koch & Knox, Dallas, Tex., for United Bank, N.A.
Sheldon S. Toll, Honigman, Miller, Schwartz & Cohn, Detroit, Mich., for Multivest Real Estate Fund, Ltd., Series IV.
Van Oliver, Akin, Gump, Strauss, Hauer & Feld, Dallas, Tex., for Creditors having junior mortgages against the Falls Apartments, Kingsley Arms, Country Squire Manor, Wadsworth Hills and Three Fountains Apartments.
Andrew E. Jillson, Jenkins & Gilchrist, Dallas, Tex., for Intervest London, 1 Meandering Way.
Thomas S. Henderson, Sheinfeld, Maley & Kay, Houston, Tex., for Consol. Capital Special Trust, Consol. Capital Realty Investors.
Alan Liebel, Brice, Mankoff & Barron, Dallas, Tex., for Buerkle Inv. Corp.
Lewis Goodman, H. Dewayne Hale, Strasburger & Price, Dallas, Tex., for USA, II Lehndorff Vermoegen-Sverwahung, RIMJ/Mortgage Service Corp. and Trails Associates, Ltd.
Gerrit M. Pronske, G. Michael Curran, Sheinfeld, Maley & Kay, Dallas, Tex., for Integrity Ins. Co.
Donald R. Rector, Nancy Ratchford, Akin, Gump, Strauss, Hauer & Feld, Dallas, Tex., for Monumental Life Ins. Co.
Peter J. Harry, Geary, Stahl & Spencer, Dallas, Tex., for Morrow College Apartments Ltd. Partnership and Charlotte Woods Apartments Ltd. Partnership.
Robert W. Kantner, Baker & Botts, Dallas, Tex., for Hugh Culverhouse.
Frank A. St. Claire, Dallas, Tex., for PMA/Debot Apartments, Ltd.
Alice Nystel, Rochelle & King, Dallas, Tex., for Hunter Sav. Assn.
United States Bankruptcy Court, N.D. Texas, Fort Worth Division.
MEMORANDUM OPINION REGARDING MOTION FOR SUBSTANTIVE CONSOLIDATION
MICHAEL A. McCONNELL, Bankruptcy Judge.
PROCEDURAL BACKGROUND
Between March 25, 1985 and May 31, 1985, the eighty-five above-referenced partnerships filed voluntary petitions under Chapter 11 of the Bankruptcy Code. Donald R. Walker ("Walker"), a Dallas real estate developer and syndicator, was the individual general partner for each of the partnerships. In addition, each of the...
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