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IN RE EVANS PRODUCTS CO.

Bankruptcy Nos. 85-00512-BKC-TCB to 85-00519-BKC-TCB.

65 B.R. 31 (1986)

In re EVANS PRODUCTS COMPANY, Evans Financial Corp., HMC Funding Corp., Rand Acceptance Corporation, Evans Steel City, Inc., Grossmans, Inc., Lindsley, Inc., PIC Holding Company, Debtors.

United States Bankruptcy Court, S.D. Florida.

July 2, 1986.

Attorney(s) appearing for the Case

Robert A. Mark, Stearns Weaver Miller, Weissler, Alhadeff & Sitterson, P.A., Miami, Fla., for debtors.

Francis L. Carter, Steel, Hector & Davis, Miami, Fla., for Unsecured Creditors' Committees.

Herbert Stettin, Miami, Fla., Examiner.

Patrick A. Murphy, Murphy, Weir & Butler, San Francisco, Cal., for Bank of America NT & SA, as Agent and Collateral Agent.

Selinda Melnik, Milbank, Tweed, Hadley & McCloy, New York City, Patrick Barry, English, McCaughan & O'Bryan, Ft. Lauderdale, Fla., for the Committee of Non-Insider Equity Sec. Holders.

Randall H. Brook, Seattle, Wash., for the FTC.

John T. Lyons, Dist. Counsel, I.R.S., Miami, Fla., Steven Shapiro, Marika Lancaster, Attys., Tax Div., Dept. of Justice, Washington, D.C., for U.S.

Ezra Cohn/Mark Kaufman, Troutman, Sanders, Lockerman & Ashmore, Atlanta, Ga., John Rogers Camp/Patrick Scott, Miami, Fla., for the Retail Group Creditors' Committee.

Stephen S. Young, Boston, Mass., for John C. Vaz.

Frederick Doppelt, New York City, individually and as trustee for the Goldberger Doll Mfg. Co., Inc. Profit Sharing Trust.

MEMORANDUM DECISION — CONFIRMATION

THOMAS C. BRITTON, Chief Judge.

The chapter 11 cases filed by these eight related debtors have been jointly administered but not substantively consolidated. A confirmation hearing was held June 20 to consider competing reorganization plans submitted by the debtors and by certain creditors. The debtors' plan was rejected by every class of impaired creditors and was withdrawn at the hearing.

At the hearing...

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