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IN RE GUILFORD TELECASTERS, INC.

Bankruptcy No. B-86-02633C-11.

128 B.R. 622 (1991)

In re GUILFORD TELECASTERS, INC., trading and doing business as WGGT-TV, Debtor.

United States Bankruptcy Court, M.D. North Carolina.

May 28, 1991.

Attorney(s) appearing for the Case

Rayford K. Adams, III, Greensboro, N.C., for debtor.

Richard M. Hutson, Durham, N.C., for shareholders.

Walter Rand, Greensboro, N.C., for Continental Bank, N.A.

MEMORANDUM OPINION

JAMES B. WOLFE, Jr., Chief Judge.

On December 31, 1986, Guilford Telecasters, Inc., trading and doing business as WGGT-TV ("Debtor"), filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. On August 7, 1989, Kathrine R. Everett, Robinson O. Everett, James Thrash, Roy O. Rodwell and such other shareholders of the Debtor who elect to participate, filed a plan of reorganization. The plan of reorganization...

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