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IN RE BRYSON PROPERTIES XVIII

Nos. B-89-12311-C-11, 2:90CV00451.

129 B.R. 440 (1991)

In re BRYSON PROPERTIES XVIII. The TRAVELERS INSURANCE COMPANY, Plaintiff/Appellant, v. BRYSON PROPERTIES XVIII, Defendant/Appellee.

United States District Court, M.D. North Carolina, Greensboro Division.

February 8, 1991.

Attorney(s) appearing for the Case

Thomas B. Henson, Allen K. Robertson, Charlotte, N.C., for plaintiff/appellant.

William P. Miller, High Point, N.C., John A. Northen, Chapel Hill, N.C., for defendant/appellee.

MEMORANDUM OPINION

BULLOCK, District Judge.

This appeal concerns the propriety of the bankruptcy court's confirmation of the reorganization plan of Debtor Bryson Properties XVIII (hereinafter "Bryson"). Following a decline in the demand for office space and the discovery of asbestos in three Omaha, Nebraska, office buildings owned by the Debtor, the Debtor sought bankruptcy relief to enable it, among other things, to rework its loan obligations to The Travelers...

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