MEMORANDUM OPINION DENYING MOTIONS FOR RELIEF FROM STAY
E. STEPHEN DERBY, Bankruptcy Judge.
In this single real estate asset case, the pending motions for relief from stay raise the question whether Debtor's proposed plan of reorganization violates the absolute priority rule as a matter of law. The undersecured holder of a second, wrap-around deed of trust on Debtor's apartment project asserts that there is no new value exception to the absolute priority...
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