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IN RE CHATTANOOGA CHOO-CHOO CO.

Bankruptcy No. 1-87-02494.

98 B.R. 792 (1989)

In re CHATTANOOGA CHOO-CHOO COMPANY, Debtor.

United States Bankruptcy Court, E.D. Tennessee.

April 5, 1989.

Attorney(s) appearing for the Case

Richard C. Kennedy of Kennedy, Fulton, & Koontz, Chattanooga, Tenn., for debtor.

Douglas R. Johnson of Hall, Haynes, Lusk & Foster, Chattanooga, Tenn., for trustee, William M. Foster.

John Gupton of Schulman, LeRoy & Bennett, Nashville, Tenn., for Equitable Life Assurance Society.

Richard B. Gossett & James A. Fields of Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, Chattanooga, Tenn., for American Nat. Bank and First Tennessee Bank.

F. Scott Leroy of Spears, Moore, Rebman & Williams, Chattanooga, Tenn., for Pioneer Bank.

Richard P. Jahn, Jr. of Jahn, Jahn & Cavett, Chattanooga, Tenn., for Merchants Nat. Bank (MNB).

MEMORANDUM

RALPH H. KELLEY, Chief Judge.

The Chattanooga Choo-Choo Company operated a large hotel, convention center, and retail complex in Chattanooga, Tennessee. The Choo-Choo operated for about a year during a chapter 11 reorganization case without a confirmed plan of reorganization. A bankruptcy trustee was appointed and sold all the property as a going business to Choo-Choo Partners, a limited partnership. All...

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