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IN RE BUTTONWOOD PARTNERS, LTD.

Bankruptcy No. 87 B 12458 (BRL).

111 B.R. 57 (1990)

In re BUTTONWOOD PARTNERS, LIMITED, as Successor-In-Interest to Buttonwood Tree Partners, Debtor.

United States Bankruptcy Court, S.D. New York.

February 28, 1990.

Attorney(s) appearing for the Case

Hahn & Hessen Attorneys for Debtor New York City by Gilbert Backenroth, Joseph A. Vogel, David J. Ciminesi, for debtor.

Cleary, Gottlieb, Steen & Hamilton, New York City by Joseph Lamport, Joshua Rawson, for Ben Franklin Financial Corp.

Haynes and Boone, Attorneys for Southwest Savings Bank Dallas, Tex., by Susan L.S. Ernst, for Southwest Sav. Bank.

Pryor, Cashman, Sherman & Flynn, New York City by Mark R. Jacobs, Debra Kramer, for Glenfed Development Corp.

Morgan, Lewis & Bockius, New York City by William Hayes, for First American Bank.

Latham & Watkins, New York City by Martin N. Flics, for Entrepreneurial Capital Corp.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON OBJECTION TO CONFIRMATION OF A PLAN

BURTON R. LIFLAND, Chief Judge.

BACKGROUND

On January 16, 1990, this Court approved the second amended Disclosure Statement which had been filed jointly by Buttonwood Partners, Limited (the "Debtor") and Ben Franklin Financial Corporation ("Ben Franklin"), one of the Debtor's secured creditors. Votes were solicited under the Disclosure Statement in order to obtain confirmation...

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