MEMORANDUM OF OPINION ON ORDER DENYING CONFIRMATION OF CHAPTER 11 PLAN
L. CHANDLER WATSON, Jr., Bankruptcy Judge.
Introduction —
The above-styled case is pending before the Bankruptcy Court under title 11, chapter 11, United States Code, having been commenced by the debtor's voluntary petition filed on June 22, 1988. This case came before the Court for a hearing on confirmation of the debtor's plan of reorganization on April 4, 1989...
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