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IN RE KARPE

Bankruptcy Nos. 5-81-00384, 5-81-00385 and 5-81-00418.

84 B.R. 926 (1988)

In re Irving S. KARPE and Eileen L. Karpe (t/a Yellow Cab Company and Lee Sales) Para-Transit Corporation Karpe Insurance Service Company, Debtors.

United States Bankruptcy Court, M.D. Pennsylvania.

As Amended May 4, 1988.

Attorney(s) appearing for the Case

David S. Hope, Schader, Harrison, Segal & Lewis, Philadelphia, Pa., for debtors (Karpe).

John J. Thomas, Thomas & Pulaski, Wilkes-Barre, Pa., for Bradley Oliver, et ux.

Myles R. Wren, Nogi, Appleton, Weinberger & Wren, Scranton, Pa., for R.K.R. Hess Associates.

MEMORANDUM AND ORDER

THOMAS C. GIBBONS, Bankruptcy Judge:

In this reorganization proceeding we have for consideration a "Motion for Hearing on a Higher Bid" filed by R.K.R. Hess Associates and its real estate entity, 304 Real Estate Partnership.

Following a hearing on November 17, 1987 counsel were directed to submit briefs. From the procedural history outlined therein, there appears to be no dispute regarding the essential facts. The question thus...

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