IN RE EFH GROVE TOWER ASSOCIATES

Bankruptcy No. 89-01187-ATS.

105 B.R. 310 (1989)

In re EFH GROVE TOWER ASSOCIATES, Debtor.

United States Bankruptcy Court, E.D. North Carolina.

September 25, 1989.


Attorney(s) appearing for the Case

Joseph H. Stallings, Raleigh, N.C., Tonny K. Ho, Willkie, Farr & Gallagher, New York City, for debtor.

Sally A. Conti, Raleigh, N.C., for Monumental Life Ins. and Aetna Life Ins.

Gregory B. Crampton, Raleigh, N.C., for Lake Johnson Co.


MEMORANDUM OPINION AND ORDER DENYING CONFIRMATION AND LIFTING AUTOMATIC STAY

A. THOMAS SMALL, Bankruptcy Judge.

The confirmation hearing to consider the debtor in possession's Second Amended Plan of Reorganization was held in Raleigh, North Carolina, on September 13, 1989.1 The issue presented is whether the plan proposed by the debtor in possession is "fair and equitable" as that term...

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