IN RE PROFESSIONAL DEVELOPMENT CORP.

Bankruptcy Nos. 90-31484-D, 90-31483-D.

133 B.R. 425 (1991)

In re PROFESSIONAL DEVELOPMENT CORPORATION A Tennessee Corporation, d/b/a Whispering Oaks Condominiums, Westwind Apartments, Willow Grove Shopping Center, QR Centers, Inc., Debtor. In re Thomas H. CAMPBELL, d/b/a Hi-Tech Leasing, Debtor.

United States Bankruptcy Court, W.D. Tennessee, W.D.

November 14, 1991.


Attorney(s) appearing for the Case

Jennie D. Latta, McDonnell Boyd, Memphis, Tenn., for debtor.

Steve Douglas, Memphis, Tenn., for Metropolitan.

Ellen Vergos, Waring Cox, Memphis, Tenn., for Empire.

Madalyn C. Scott, U.S. Trustee's Office, Memphis, Tenn.


BERNICE BOUIE DONALD, Bankruptcy Judge.

MEMORANDUM OPINION AND ORDER GRANTING DEBTORS' MOTION FOR PARTIAL SUMMARY JUDGMENT AND OBJECTIONS THERETO, AND EMPIRE'S CROSS-MOTION FOR PARTIAL SUMMARY JUDGMENT

This core proceeding1 came on debtors' motion for Partial Summary Judgment seeking a determination of the viability of the "new value" exception to the absolute priority rule under the code. The debtors filed a joint plan of reorganization...

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