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IN RE VILLA DIABLO ASSOCIATES

Bankruptcy No. 92-54936-JRG.

156 B.R. 650 (1993)

In re VILLA DIABLO ASSOCIATES, Debtor.

United States Bankruptcy Court, N.D. California.

July 2, 1993.

Attorney(s) appearing for the Case

Michael W. Malter, David Rao, Law Offices of Binder & Malter, San Jose, CA, for debtor.

Andrew M. Gold, Sharon K. Wasserman, Stein, Lubin & Lerner, San Francisco, CA, for Citibank.

OPINION

JAMES R. GRUBE, Bankruptcy Judge.

I. INTRODUCTION.

This case involves a dispute between the debtor and its principal secured creditor over how present value should be calculated for purposes of "cramming down" a plan of reorganization under 11 U.S.C. § 1129(b).1

II. PROCEDURAL BACKGROUND.

Villa Diablo filed its Chapter 11 petition on July 13, 1992. Its...

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