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IN RE BMW GROUP I, LTD.

Bankruptcy No. BK-93-12576-BH.

168 B.R. 731 (1994)

In re BMW GROUP I, LTD., Debtor.

United States Bankruptcy Court, W.D. Oklahoma.

May 27, 1994.

Attorney(s) appearing for the Case

Kwame T. Mumina, Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C. and James F. Davis, Andrews, Davis, Legg, Bixler, Milsten & Price, Oklahoma City, OK, for debtor.

Kiran A. Phansalkar, Hastie & Kirschner, Oklahoma City, OK, for Southwest Portfolio Partnership.

MEMORANDUM OF DECISION AND ORDER DENYING CONFIRMATION OF PROPOSED PLAN OF REORGANIZATION

RICHARD L. BOHANON, Bankruptcy Judge.

The issue for decision is whether the partners of the debtor-in-possession may purchase the equity in a proposed reorganized debtor when a class of unsecured claims has rejected the plan, opposes confirmation and is not receiving payment equal to the full amount of its claim?1 In other...

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