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IN RE 1000 INTERN. BLDG. ASSOCIATES, LTD.

Bankruptcy No. 87-00340-BKC-TCB.

81 B.R. 125 (1987)

In re 1000 INTERNATIONAL BUILDING ASSOCIATES, LTD., Debtor.

United States Bankruptcy Court, S.D. Florida.

October 1, 1987.

Attorney(s) appearing for the Case

Douglass E. Wendel, Palm Beach, Fla., trustee.

Leslie Gern Cloyd, Ackerman, Bakst, Gundlach, Lauer & Zwickel, P.A., West Palm Beach, Fla., for trustee.

Patrick S. Scott, Ft. Lauderdale, Fla., for debtor.

Robert C. Furr, Boca Raton, Fla., for creditors.

ORDER DENYING CONFIRMATION AND CONVERTING CASE

THOMAS C. BRITTON, Chief Judge.

The debtor's plan was before the court for confirmation on September 8. The debtor's principal creditors and the trustee have each objected to confirmation. I agree that confirmation must be denied.

The objecting creditors hold the second and third mortgages on the debtor's only asset, an office building with space for nine tenants. The creditors obtained a foreclosure...

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