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IN RE COMPUTER OPTICS, INC.

Bankruptcy No. 90-779.

126 B.R. 664 (1991)

In re COMPUTER OPTICS, INC., Debtor.

United States Bankruptcy Court, D. New Hampshire.

February 6, 1991.

Attorney(s) appearing for the Case

James M. Liston, Kaye, Fialkow P.A., Boston, Mass., for Shawmut Arlington Trust Co.

Robert W. Toan, New York City, for Angenieux, Inc.

Jennifer Rood, Backus, Meyer & Solomon, Manchester, N.H., for Computer Optics, debtor.

John Stanzel, Jay Niederman's Law Firm, Manchester, N.H., for Jay Niederman's Office.

Geraldine Brotherton, Thomas P. O'Neill, Jr., Boston, Mass., for UST Virginia Greiman.

MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

This case presents questions of feasibility of a plan of reorganization, and "cramdown" treatment of a secured creditor's claim under the plan. The present dispute is the latest chapter in a pitched battle between the debtor in possession and the secured creditor, Shawmut Bank, N.A., from the time of the chapter 11 filing on May 11, 1990 through the plan confirmation hearings before this Court on November...

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