MATTER OF BRISCOE ENTERPRISES, LTD., II

No. 92-1446.

994 F.2d 1160 (1993)

In the Matter of BRISCOE ENTERPRISES, LTD., II, d/b/a/ Regalridge Apartments, Debtor. HEARTLAND FEDERAL SAVINGS & LOAN ASSOCIATION, Appellee, v. BRISCOE ENTERPRISES, LTD., II, d/b/a/ REGALRIDGE APARTMENTS, Appellant.

United States Court of Appeals, Fifth Circuit.

July 13, 1993.


Attorney(s) appearing for the Case

Marilyn D. Garner, Margaret A. Mahoney, Weil, Gotshal & Manges, Dallas, TX, for appellant.

Douglas Steward Lang, Robin I. Krumme, Deirdre B. Ruckman, Gardere & Wynne, Dallas, TX, for appellee.

Before WISDOM and DUHÉ, Circuit Judges, and DOHERTY, District Judge.


WISDOM, Circuit Judge:

This bankruptcy case requires the Court to confront some very difficult problems associated with a Chapter 11 "cramdown" reorganization.1 We agree with the Bankruptcy court's approval of the reorganization plan; we REVERSE the District Court.

I.

The debtor, Briscoe Enterprises, Ltd., II, is a Texas limited partnership formed to develop a 784-unit apartment complex in a depressed section of Fort...

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