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IN RE BLONDHEIM REAL ESTATE, INC.

Bankruptcy No. 85-221.

91 B.R. 639 (1988)

In re BLONDHEIM REAL ESTATE, INC., Debtor.

United States Bankruptcy Court, D. New Hampshire.

September 16, 1988.

Attorney(s) appearing for the Case

Joseph Foster, Manchester, N.H., for Creditors' Committee.

Daniel Callaghan, Manchester, N.H., for trustee.

R. Timothy Phoenix, Portsmouth, N.H., for Equity Committee.

MEMORANDUM OPINION ON MOTION FOR SUBORDINATION OF NOTE-HOLDER CLAIMS TO TRADE CREDITOR CLAIMS

JAMES E. YACOS, Bankruptcy Judge.

On August 8, 1988 the United States Trustee filed in this chapter 11 reorganization proceeding a "Motion For Subordination Of Investor Claims To Trade Creditor Claims" in which she sought an order determining that "the claims of unsecured creditors who invested in debtors' notes be subordinated to the claims of trade creditors." Because...

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