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IN RE VEE JAY, INC.

Civ. Nos. 87-2065, 87-2180.

104 B.R. 105 (1988)

In re VEE JAY, INC., d/b/a Ouachita Country Club (Two Cases). PHOENIX, INC., an Arkansas Corporation, Plaintiff/Appellant, v. VEE JAY, INC., d/b/a Ouachita Country Club, Defendant/Appellee. J. Ray JONES, Maria Jones, and Phoenix, Inc., an Arkansas Corporation, Plaintiffs/Appellants, v. VEE JAY, INC., d/b/a Ouachita Country Club, Defendant/Appellee.

United States District Court, W.D. Arkansas, Fort Smith Division.

May 16, 1988.

Attorney(s) appearing for the Case

Ben Core, Fort Smith, Ark., for plaintiff.

Ben T. Barry, Fort Smith, Ark., for defendant.

MEMORANDUM OPINION

MORRIS SHEPPARD ARNOLD, District Judge.

These consolidated appeals from three orders of the bankruptcy court1 present three issues for the consideration of the court. The first is whether the appellee is qualified for a Chapter 11 proceeding. The second and third are interrelated and ultimately involve the same matter, namely, whether and to what extent real estate sold by appellant to appellee on an installment...

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