IN RE GEORGETOWN SOUTH APARTMENTS

Bankruptcy Nos. 2-90-02398, 31-1079891.

136 B.R. 160 (1992)

In re GEORGETOWN SOUTH APARTMENTS OF TUSCARAWAS COUNTY, II, LTD., Debtor.

United States Bankruptcy Court, S.D. Ohio, E.D.

January 16, 1992.


Attorney(s) appearing for the Case

John Andrew Merkle, Denmead, Blackburn & Brown, Columbus, Ohio, for debtor.

Patrick Keating, Buckingham, Doolittle & Burroughs, Akron, Ohio, for Belmont Fed. Sav. & Loan Ass'n.

Carol Stebbins, Marilyn Shea-Stonum, Jones, Day, Reavis & Pogue, Columbus, Ohio, co-counsel to Asst. U.S. Trustee.

Charles M. Caldwell, Columbus, Ohio, Asst. U.S. Trustee.

Jay Alix, Jay Alix & Associates, Southfield, Mich., Chapter 11 Trustee.

Michael L. Cook, Sally M. Henry, Skadden, Arps, Slate, Meagher & Flom, New York City, co-counsel to Chapter 11 Trustee.

Leon Friedberg, Benesch, Friedlander, Coplan & Aronoff, Columbus, Ohio, for Official Committee of Unsecured Creditors.

Harvey S. Minton, Minton & Leslie, Columbus, Ohio, Charles J. Taunt, Charles J. Taunt & Associates, Birmingham, Mich., Gary H. Cunningham, Kramer Mellen, P.C., Southfield, Mich., special counsel to trustee of the Consolidated Estate.

James Bownas, Cardinal Industries, Inc., Columbus, Ohio.

Thomas I. Blackburn, Denmead, Blackburn and Brown, Gary Paul Price, Columbus, Ohio, Robert H. Skilton, Gardner, Carton & Douglas, Chicago, Ill., Kenneth R. Cookson, Carlile, Patchen, Murphy & Allison, Columbus, Ohio, Mark A. Beatrice, Manchester, Bennett, Powers & Ullman, Youngstown, Ohio, David G. Korn, Victor S. Krupman, John A. VanSickle, Robert J. Behal, Crabbe, Brown, Jones, Potts & Schmidt, Columbus, Ohio, Daniel M. Katlein, Michael C. Hammer, Dickinson, Wright, Moon, Van Dusen & Freeman, Detroit, Mich., Thomas R. Noland, Altick & Corwin, Dayton, Ohio, Harry W. Greenfield, Buckley, King & Bluso, Richard G. Hardy, Ulmer & Berne, Cleveland, Ohio, for debtors' Ltd. Partnership.


MEMORANDUM OPINION DENYING APPROVAL OF FIRST AMENDED DISCLOSURE STATEMENT

BARBARA J. SELLERS, Bankruptcy Judge.

Before the Court is the requested approval of a first amended disclosure statement ("Disclosure Statement") filed by Chapter 11 debtor Georgetown South Apartments of Tuscarawas County, II, Ltd. ("Georgetown"). Although no parties filed objections to the adequacy of this Disclosure Statement, the Court, through its independent review, notes certain...

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