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MATTER OF VIP MOTOR LODGE, INC.

Bankruptcy No. 90-611.

133 B.R. 41 (1991)

In the Matter of VIP MOTOR LODGE, INC., Debtor.

United States Bankruptcy Court, D. Delaware.

October 23, 1991.

Attorney(s) appearing for the Case

James L. Patton, Jr., Janet Z. Charlton, Wilmington, Del., for debtor.

Thomas P. Preston, Daniel F. Lindley, Wilmington, Del., for The First Nat. Bank of Boston.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

VIP Motor Lodge, Inc. (VIP) owns and operates a Howard Johnson's Motor Lodge and restaurant in Colonie, New York, which is just outside the City of Albany. VIP filed a Chapter 11 petition on August 28, 1990. The First National Bank of Boston (Bank), the major secured creditor, objected to and voted against VIP's plan of reorganization. VIP and the Bank presented evidence in support of their...

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