In re WESTERN REAL ESTATE FUND, INC., Oil Center Investments, First Western Income Realty Trust, Second Western Income Realty Trust, Western Institutional Properties Trust, Nantucket Joint Venture, Landsing Diversified Properties-II, LDP II Acquisition Corp., Oaks of Cypress Station, Ltd., Willowick Investors, Ltd., Watervleit-One Company, Ltd., and Watervleit-Two Company, Ltd., Debtors.
United States Bankruptcy Court, W.D. Oklahoma.https://leagle.com/images/logo.png
June 30, 1987.
June 30, 1987.
Attorney(s) appearing for the Case
Jack L. Kinzie, Bobbie T. Shell of Andrews Davis Legg Bixler Milsten & Murrah, Oklahoma City, Okl., and Kenneth N. Klee of Stutman, Treister and Glatt, Los Angeles, Cal., for debtors.
Lyle S. Vaughn of Crowe & Dunlevy, Oklahoma City, Okl., and Harvey S. Schochet of Steefel, Levitt & Weiss, San Francisco, Cal., for Capitol Holding Corp.
Warren D. Majors of Spradling, Alpern, Friot & Gum, Oklahoma City, Okl., for Travelers Ins. Co., Inc.
V. Burns Hargis and Ross A. Plourde of Reynolds, Ridings & Hargis, Oklahoma City, Okl., for Transamerica Occidental Life Ins. Co. and General American Life Ins. Co.
Irving Sulmeyer of Sulmeyer, Kupetz, Baumann & Rothman, Los Angeles, Cal., for Transamerica Occidental Life Ins. Co.
Robert D. McCutcheon of Crowe & Dunlevy, Oklahoma City, Okl., for New York Life Ins. Co., American General Life and Acc. Ins. Co. and Norwest Mortg., Inc.
Andrew J. Petrie of Kirkland & Ellis, Denver, Colo., for Dollar Dry Dock Sav. Bank of New York.
John W. Swinford, Jr., of Hastie and Kirschner, Oklahoma City, Okl., for the Creditors Papadopoulus and Walnut Investments, Ltd.
Thomas M. Atkinson, Tulsa, Okl., for Pacific Mut. Life Ins. Co.
Christopher L. Coyle of Robinson, Boese, Orbison & Lewis, Tulsa, Okl., for Bank of Oklahoma, Tulsa, N.A.
Lynn A. Pringle and Marianne Blackwell of Jones, Blaney and Pringle, Oklahoma City, Okl., for L. Scott Turner.
Stephen J. Moriarity of Edwards, Roberts & Propester, Oklahoma City, Okl., for New England Mut. Life Ins. Co.
John E. Howland of Rosenstein, Fist & Ringold, Tulsa, Okl., for Textron Collective Inv. Trust.
Judith Elkin of Haynes and Boone, Dallas, Tex., for First Bankers Trust and Sav. Ass'n.
Louis J. Price, Stephen W. Bugg of McAfee & Taft, Oklahoma City, Okl., and Kathleen T. Lax of Gibson, Dunn & Crutcher, Los Angeles, Cal., for Cedra Properties, Inc.
Steven Minty, Norman, Okl., for Kevin M. Abel, and Abel and Busch, Inc.
G. Blaine Schwabe, III of Mock, Schwabe, Waldo, Elder, Reeves & Bryant, Oklahoma City, Okl., for First Interstate Bank of Denver, N.A.
Timothy Kline and Mark E. Monford of Kline & Kline, Oklahoma City, Okl., for American Sav. Bank.
Neal Tomlins of Baker, Hoster, McSpadden, Clark, Rasure & Slicker Tulsa, Okl., for Sooner Federal Sav. and Loan Ass'n.
Lance Stockwell of Boesche, McDermott & Eskridge, Tulsa, Okl., for First Nat. Bank of Tulsa.
Charles R. Underwood of Kornfeld, Franklin & Phillips, Oklahoma City, Okl., for the Ocheltree Trust, the Estate of Clarice Ocheltree, and Charles and Sylvia Mays.
United States Bankruptcy Court, W.D. Oklahoma.
MEMORANDUM DECISION AND ORDER
PAUL B. LINDSEY, Bankruptcy Judge.
The instant proceedings were initiated by these debtors in possession by the filing for relief under Chapter 11 of the United States Bankruptcy Code, 11 U.S.C. § 1101 et seq. These cases have been consolidated for administrative purposes. The debtors in possession have submitted plans of reorganization.1 After notice and a hearing on the confirmation...
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