IN RE HILLSBOROUGH HOLDINGS CORP.

Bankruptcy Nos. 89-9715-8P1 to 89-9746-8P1 and 90-11997-8P1.

153 B.R. 936 (1993)

In re HILLSBOROUGH HOLDINGS CORPORATION, et al., Debtors.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

April 27, 1993.


Attorney(s) appearing for the Case

Don M. Stichter, Stichter, Riedel, Blain and Prosser, Tampa, FL, Michael J. Crames, Kaye, Scholer, Fierman, Hays & Handler, New York City, for debtors.

Paul Burke O'Hearn, Jones, Day, Reavis & Pogue, Atlanta, GA, Marc S. Kirschner, Jones Day Reavis & Pogue, New York City, Zala Forizs, St. Petersburg, FL for Official Unsecured Creditors Committee.

Daniel Golden, Stroock & Stroock & Lavan, New York City, John Genovese, Stroock & Stroock & Lavan, Miami, FL, for Official Committee of Bondholders Committee.

Leonard Gilbert, Carlton, Fields, Ward, Emmanuel Smith & Cutler, P.A., Tampa, FL.

Harold S. Novikoff, Wachtell, Lipton, Rosen & Katz, New York City.

Ellen Werther, Coudert Brothers, New York City.

James Spiotto, Ann Acker, Angela Drummond Dodd, Chapman & Cutler, Chicago, IL.

Robert B. Glenn, Glenn, Rasmussen, Fogarty, Merryday & Russo, Tampa, FL.

Hillsborough Holdings Corp., John F. Turbiville, Tampa, FL.

Blasingame Forizs & Smiljanich, Teresa J. Rooney, St. Petersburg, FL.

Robert Coley, Atlanta, GA, U.S. Trustee.

Chapman & Cutler, J. Spiotto, A. Dodd, Chicago, IL.

Sidley & Austin, Shalom L. Kohn, Chicago, IL.

Sallis Advisers, Inc., Bobbie Downey and John W. Burgess, Beverly Hills, CA.

Alston & Bird, John C. Weitnauer, Atlanta, GA.

Rudnick & Wolfe, Mark J. Wolfson, Tampa, FL.

SECC, E. Gordon Robinson, Jr., Atlanta, GA.

Philip Brothers, Bernard Bernstein, New York City.

GE Pension Trust, Ron Herman, Stamford, CT.

Columbia Sav. & Loan, Keenan L. Wolens, Beverly Hills, CA.

Centrust Bank, W. Christopher Berry, Miami, FL.

The Bank of New York, David Sampson, New York City.

Barnett Bank Trust Co., N.A., Christine DiPatre, Jacksonville, FL.

Mellon Bank, Joseph C. Progar, Pittsburgh, PA.

Reed Smith Shaw & McClay, Kathleen Yurchak, Pittsburgh, PA.

Winthrop, Stimson, Putman & Roberts, Ted Berkowitz, New York City.

IBJ Schroeder Bank & Trust Co., Emma Colageo, New York City.

Olshan, Grundman & Frome, Morris Orens, New York City.

Mahoney, Adams & Criser, Karen S. Jenneman, Jacksonville, FL.

Kaye, Scholer, Fierman, Hays & Handler, Andrew A. Kress, New York City.

Bear, Stearns & Company, Inc., Marc A. Gineris, New York City.

Coneco Capital Management, Gregory J. Hahn, Carmel, IN.

Fowler, White, Gillen, Boggs, Villareal & Banker, Edward M. Waller, Tampa, FL.

Ernst & Young, Michael F. Grieg, New York City.

Internal Revenue Service, Special Procedures, Mahoney, Adams & Criser, Karen S. Jenneman, Jacksonville, FL.

U.S. Trustee's Office, Robert Coley, Atlanta, GA.

Carlton, Fields, Ward, Emmanuel, Smith & Cutler, Leonard H. Gilbert, Tampa, FL.

Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, John K. Olson, Tampa, FL.


ORDER ON DEBTOR'S MOTION FOR ORDER APPROVING A COMPROMISE AND SETTLEMENT AGREEMENT WITH VARIOUS BANKS

ALEXANDER L. PASKAY, Chief Judge.

THESE ARE yet-to-be-confirmed Chapter 11 cases instituted by Hillsborough Holdings Corporation, et al. (Debtors), now known as Walter Industries, Inc. (WII), and its 31 wholly-owned subsidiaries. The matter under consideration is a Motion in which the Debtors seek an Order Approving a Compromise and Settlement...

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