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IN RE RIDGELY COMMUNICATIONS, INC.

Bankruptcy No. 89-5-1705-JS.

139 B.R. 374 (1992)

In re RIDGELY COMMUNICATIONS, INC., Debtor.

United States Bankruptcy Court, D. Maryland.

April 15, 1992.

Attorney(s) appearing for the Case

F. Thomas Rafferty, Blum, Yumkas, Mailman, Gutman & Denick, P.A., Baltimore, Md., for debtor.

Lewis S. Goodman and Linda V. Donhauser, Miles & Stockbridge, Baltimore, Md., for Ameritrust Co. Nat. Ass'n.

Edmund A. Goldberg, Office of the U.S. Trustee, Baltimore, Md.

MEMORANDUM OPINION GRANTING MOTION OF AMERITRUST COMPANY N.A. TO DISTRIBUTE PROCEEDS FROM SALE OF BROADCASTING LICENSES

JAMES F. SCHNEIDER, Bankruptcy Judge.

FINDINGS OF FACT

1. The instant voluntary Chapter 11 bankruptcy petition was filed in this Court on May 23, 1989. The debtor is engaged in the business of owning and operating two radio stations, WVOC-AM and WCEZ-FM, which are located in Columbia, South Carolina.

2. On October 4, 1990...

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