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IN RE SOUTHEAST CO.

No. 88-5606.

868 F.2d 335 (1989)

In re SOUTHEAST COMPANY, Debtor. FLORIDA PARTNERS CORPORATION, Successor-in-Interest to I.R.E. Florida Income Partners, Ltd., Appellant, v. SOUTHEAST COMPANY, Appellee.

United States Court of Appeals, Ninth Circuit.

Decided February 21, 1989.

Attorney(s) appearing for the Case

Michael H. Goldstein, Stutman, Treister & Glatt, Los Angeles, Cal., for appellant.

Gary E. Klausner, Robinson, Diamant, Brill & Klausner, Los Angeles, Cal., for appellee.

Before BROWNING, SCHROEDER and NOONAN, Circuit Judges.

SCHROEDER, Circuit Judge:

This is a bankruptcy appeal asking us to review an order approving a plan of reorganization. The Bankruptcy Appellate Panel affirmed. In re Southeast Co., 81 B.R. 587 (9th Cir. BAP 1987).

In 1977, the debtor's predecessor in interest and the appellant creditor's predecessor in interest entered into a mortgage that called for, in the event of default, an increased interest rate as well as an option...

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