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IN RE DN ASSOCIATES

Bankruptcy No. 91-20417.

144 B.R. 195 (1992)

In re DN ASSOCIATES d/b/a Atlantic Motor Inn, Debtor.

United States Bankruptcy Court, D. Maine.

August 20, 1992.

Attorney(s) appearing for the Case

James D. Poliquin, Norman, Hanson & DeTroy, Portland, Me., for DN Associates.

Robert J. Keach, Verrill & Dana, Portland, Me., for Casco Northern Bank.

Eric J. Uhl, Black, Lambert, Coffin & Rudman, Portland, Me., for Seth Driggen.

Gregory A. Tselikis, Bernstein, Shur, Sawyer & Nelson, Portland, Me., for Laurence and Patricia Kenny.

MEMORANDUM OF DECISION

JAMES B. HAINES, Jr., Bankruptcy Judge.

On April 17, 1992, this court confirmed a plan of reorganization proposed by Casco Northern Bank, N.A. ("Casco"), and Laurence A. and Patricia A. Kenny (the "Kennys"). The Casco/Kenny plan provided an immediate one hundred percent cash dividend to unsecured creditors, satisfied the proponents' claims1 and eliminated the interests of DN's general partner and limited...

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