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IN RE GENERAL HOMES CORP.

Bankruptcy No. 90-04810-H3-11.

181 B.R. 898 (1995)

In re GENERAL HOMES CORPORATION, Debtor.

United States Bankruptcy Court, S.D. Texas, Houston Division.

April 26, 1995.

Attorney(s) appearing for the Case

John F. Higgins, IV, Verner Liipfert Bernhard McPherson & Hand L.L.P., Houston, TX, for debtors.

Robert S. Blanc, Sewell & Riggs, Houston, TX, for Jackson Nat. Life Ins. Co.

Susan J. Brandt, Nathan Wood & Sommers, Houston, TX, for Anthony Ben Walsh.

William Schultz, Jackson & Walker, Houston, TX, for Bank Group.

Marilee A. Madan, Porter & Hedges, Houston, TX, for Dean Witter High Yield.

Robert D. Albergotti, Haynes & Boone, Dallas, TX, for James P. Moon.

MEMORANDUM OPINION

LETITIA Z. CLARK, Bankruptcy Judge.

The court has considered the Joint Motion to Compromise Controversy Pursuant to Bankruptcy Rule 9019 and Local Bankruptcy Rule 7041(a) filed by General Homes Corporation ("GHC"), FGMC, Inc. ("FGMC"), American Savings of Florida, F.S.B., successor to American Savings and Loan Association of Florida ("American"), Citicorp Real Estate, Inc. ("CREI"), Bank...

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