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MATTER OF P.C., LTD.

No. 90-3246.

929 F.2d 203 (1991)

In the Matter of P.C., LTD., Debtor. FRENCH MARKET HOMESTEAD, FSA, Appellant, v. P.C. LTD., Appellee.

United States Court of Appeals, Fifth Circuit.

April 24, 1991.

Attorney(s) appearing for the Case

Donald E. Theriot, Regina S. Wedig, Walker, Bordelon, Hamlin, Theriot & Hardy, New Orleans, La., for appellant.

Ronald J. Hof, Merrill Landwehr, Landwehr & Hof, New Orleans, La., for appellee.

Before POLITZ, WILLIAMS, and JONES, Circuit Judges.

EDITH H. JONES, Circuit Judge:

French Market Homestead was the principal secured creditor of P.C. Ltd., owner of the Landmark Bourbon Hotel in New Orleans French Quarter. By reducing its secured claim one-third, or over $5,000,000, French Market was able to propose and confirm a liquidating plan of reorganization for the debtor. For six weeks after confirmation, over French Market's objection, the debtor continued to run the hotel pending its sale by French Market...

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