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IN RE ELMWOOD, INC.

Nos. CV-S-94-895-PMP (LRL), CV-S-94-1088-PMP (LRL).

182 B.R. 845 (1995)

In re ELMWOOD, INC., Debtor. STATE STREET BANK AND TRUST COMPANY, Appellant, v. ELMWOOD, INC., and Clark County Treasurer, Appellees.

United States District Court, D. Nevada.

May 30, 1995.

Attorney(s) appearing for the Case

Laurel E. Davis, Lionel Sawyer & Collins, Las Vegas, NV, for appellant State Street Bank and Trust Co.

Mark Hafer, Mushkin & Hafer, Las Vegas, NV, for debtor, appellee Elmwood, Inc.

Kathleen Jansen, Deputy Dist. Atty., Las Vegas, NV, for appellee Clark County Treasurer.

OPINION

PRO, District Judge.

State Street Bank and Trust Company ("State Street") appeals the confirmation of the Debtor's plan of reorganization under Chapter 11. After obtaining bankruptcy relief under Chapter 11, the debtor-in-possession, Elmwood, Inc. ("Elmwood"), proposed a "cramdown" plan of reorganization (the "Plan"), which would force a writedown on the secured lender's note and allow Elmwood to...

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