MATTER OF SOUND RADIO, INC.

Bankruptcy No. 84-06261.

93 B.R. 849 (1988)

In the Matter of SOUND RADIO, INC., t/a WNJR Radio 1430, a corporation of New Jersey, Debtor.

United States Bankruptcy Court, D. New Jersey.

December 9, 1988.


Attorney(s) appearing for the Case

Walter Greenhalgh, Kleinberg, Moroney, Masterson & Schachter, for debtor in possession.

Marc Friedman, Kalb, Friedman & Siegelbaum, for proponent, Daniel Robinson.

Jonathan Rabinowitz, Ravin, Sarasohn, Cook, Baumgarten, Fisch & Baime, for proponent, Sarco Communications, Inc. & Danny Stiles.

Richard Meth, Kirsten, Simon, Friedman, Allen, Cherin & Linken, for Rollins Communications, Inc.

Michael Lehman, Lehman, Wasserman & Jurista, for Official Unsecured Creditors Committee.

Harry Heher, Jr., Heher, Clark & St. Landau, for Shareholder Class other than Daniel Robinson.

Kathryn Ferguson, Markowitz & Zindler, for LeBow Communications, Inc.


OPINION

WILLIAM H. GINDIN, Bankruptcy Judge.

This matter comes before the court on the application of various parties in interest seeking confirmation of their respective plans of reorganization of the debtor company. All of the plans propose to pay stockholders 100 percent plus interest. The debtor has presented no plan for confirmation.1

PROCEDURAL HISTORY

During the...

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