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IN RE LAKE RIDGE ASSOCIATES

Bankruptcy No. 93-23899-B. CM No. 93-1985-B.

163 B.R. 284 (1994)

In re LAKE RIDGE ASSOCIATES, Debtor. NATIONSBANK OF VIRGINIA, N.A. v. LAKE RIDGE ASSOCIATES.

United States Bankruptcy Court, E.D. Virginia, Norfolk Division.

January 28, 1994.

OPINION1

HAL J. BONNEY, Jr., Bankruptcy Judge.

We have a coonskin cap, but can we pioneer?

Can the Court do the extraordinary or are we limited to convention? The intent of the Congress under Chapter 11 of the Bankruptcy Code is to encourage reorganizations to save businesses, but does the proposal by the debtor, Lake Ridge Associates, go beyond this?

Really, the...

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