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IN RE AMBASSADOR RIVERSIDE INV. GROUP

Bankruptcy No. 85-00158, Adv. Nos. 85-0030, 85-0159.

62 B.R. 147 (1986)

In re AMBASSADOR RIVERSIDE INVESTMENT GROUP d/b/a Capitol House Hotel (EIN 72-1008826), Debtor. AMBASSADOR RIVERSIDE INVESTMENT GROUP d/b/a Capitol House Hotel, Blaine East, Robert Lueben, Joe B. D'Angelo, Ernest Hughes, Barbara Stine, Rick Dale, Patricia Nesbit, and Douglas A. East, Plaintiffs, v. David NAMER, Savings Investment Service Corp., and Financial Management Services, Inc., Defendants. APEX, R.E. & T., INC. (APEX), Plaintiff, v. SAVINGS INVESTMENT SERVICE CORPORATION, David Namer, and Financial Management Services, Inc., Defendants.

United States Bankruptcy Court, M.D. Louisiana.

April 28, 1986.

Attorney(s) appearing for the Case

Margaret A. Shook and A.L. Blondeau, Baton Rouge, La., for Ambassador Riverside, et al.

William Ruhe, Dallas, Tex., for Lueben & D'Angelo.

Harvey H. Posner, Baton Rouge, La., for Star, Inc. of B.R. & Raymie Edmonds.

David S. Rubin, Carolyn Perry, and Mark Mese, Baton Rouge, La., for APEX.

Charles Schutte, Baton Rouge, La., for City Nat. Bank.

Joan B. Parmelee, Baton Rouge, La., trustee.

Victor L. Roy, III and Paul West, Baton Rouge, La., for SIS Corp. & CommNet.

REASONS FOR JUDGMENT CONCERNING EQUITABLE SUBORDINATION OF FIRST MORTGAGE

WESLEY W. STEEN, Bankruptcy Judge.

I. Jurisdiction of the Court

This is a proceeding arising under Title 11 U.S.C. The United States District Court for the Middle District of Louisiana has original jurisdiction pursuant to 28 U.S.C. § 1334(b). By Local Rule 29, under the authority of 28 U.S.C. § 157(a), the United States District Court for the Middle...

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