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IN RE PELHAM STREET ASSOCIATES

Bankruptcy No. 89-11259.

134 B.R. 700 (1991)

In re PELHAM STREET ASSOCIATES, Debtor.

United States Bankruptcy Court, D. Rhode Island.

November 27, 1991.

Attorney(s) appearing for the Case

Russell D. Raskin, Raskin & Berman, Providence, R.I., for debtor.

Robert D. Wieck, MacAdams & Wieck, Inc., Providence, R.I., for Rhode Island Hosp. Trust Nat. Bank.

William J. McGair, Providence, R.I., for creditors Richard H. Baylis and Ronald W. DelSesto.

Office of the U.S. Trustee, Stephen Woodbury, Boston, Mass.

ORDER

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on October 24, 1991, on the confirmation hearing of the Debtor's "Third Amended Plan of Reorganization." The Debtor is attempting to prevent the foreclosure and sale of its sole asset, a multiunit commercial building located in Newport, Rhode Island. Rhode Island Hospital Trust National Bank (RIHT), the first mortgagee on the real estate, and also a Class 3...

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