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IN RE FILCAS OF AMERICA, INC.

Bankruptcy No. 91-13053.

147 B.R. 297 (1992)

In re FILCAS OF AMERICA, INC., Debtor.

United States Bankruptcy Court, D. New Hampshire.

October 21, 1992.

Attorney(s) appearing for the Case

Louis Mountzoures, Neal Satran, Satran, Reade & Marino, Boston, Mass., for debtor.

Charles R. Bennett Jr., Kevin Hern Jr., Riemer & Braunstein, Boston, Mass., for First Nat. Bank of Boston.

Peter F. Burger, Orr & Reno, Concord, N.H., for PAK 2000.

Timothy P. Smith, Manchester, N.H., for Creditor's Committee.

Richard C. Follender, Follender, Connors & Wacks, Nashua, N.H., for First NH Mortg. Corp.

Dennis N. Perreault, Concord, N.H., for The Exhibit Co.

Wendell Livingston, Becket & Watkins, Malvern, Pa., for American Exp. Travel Related Services Co.

Daniel W. Sklar, Sklar Law Offices, Manchester, N.H., for Citicorp Nat. Services.

Geraldine B. Karonis, Asst. U.S. Trustee, Manchester, N.H., for U.S. Trustee.

Peter Nils Baylor, Nutter, McClennen & Fish, Boston, Mass., for Filcas, Inc.

MEMORANDUM OPINION AND ORDER

JAMES E. YACOS, Bankruptcy Judge.

This Court has before it two disclosure statements and two competing plans of reorganization in this chapter 11 proceeding. One by the debtor and one by a third-party prospective acquirer Filcas, Incorporated ("Filcas Inc."). This latter is a newly-formed entity for this purpose and is unrelated to the debtor notwithstanding the name selected.

The Court first heard a legal question with...

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