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IN RE TENNEY VILLAGE CO., INC.

Bankruptcy No. 89-536.

104 B.R. 562 (1989)

In re TENNEY VILLAGE COMPANY, INC., Debtor.

United States Bankruptcy Court, D. New Hampshire.

July 31, 1989.

Attorney(s) appearing for the Case

Mark W. Vaughn, Devine, Millimet, Stahl & Branch, PA, Manchester, N.H., for debtor.

Robert J. Keach, Verrill & Dana, Portland, Me., William S. Gannon, Wadleigh, Starr Offices, Manchester, N.H., for Maine Bank.

Bruce A. Harwood, Sheehan, Phinney, Bass & Green, Manchester, N.H., for Fidelity Bank.

Charles L. Glerum, Choate, Hall & Stewart, Boston, Mass., for Bank of New England.

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

Tenney Village Company, Inc. (the "Debtor") moves for approval of its Chapter 11 secured financing agreement (the "Financing Agreement") with Maine Savings Bank ("the Bank"). Objections have been lodged by other lienholders and the committee of unsecured creditors. The Financing Agreement proposes an additional real estate mortgage to the Bank having priority over...

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