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IN RE ROYAL PALM SQUARE ASSOCIATES

Bankruptcy No. 90-0144-9P1.

124 B.R. 129 (1991)

In re ROYAL PALM SQUARE ASSOCIATES, a Florida joint venture, Debtor.

United States Bankruptcy Court, M.D. Florida, Fort Myers Division.

February 19, 1991.

Attorney(s) appearing for the Case

Cindy L. LoCicero, Tampa, Fla., for Royal Palm Square Associates, debtor.

James D. Silver, Miami, Fla., for AETNA Life Ins. Co.

Mark J. Wolfson, Tampa, Fla., for BancFlorida.

ORDER ON MOTION FOR RELIEF FROM AUTOMATIC STAY AND CONTINUING CONFIRMATION HEARING

ALEXANDER L. PASKAY, Chief Judge.

THIS is a yet-to-be confirmed Chapter 11 case. Royal Palm Square Associates (Debtor) so far has not been able to meet the requirements of § 1129 of the Bankruptcy Code because of its inability to obtain the necessary affirmative votes or, in the alternative, utilize § 1129(b), the cramdown provision of the Bankruptcy Code. The immediate...

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