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IN RE IONOSPHERE CLUBS, INC.

Nos. 94 Civ. 9253 (JGK), 95 Civ. 0363 (JGK).

179 B.R. 24 (1995)

In re IONOSPHERE CLUBS, INC., Eastern Air Lines, Inc. and Bar Harbor Airways, Inc., d/b/a Eastern Express, Debtors. Paul Kevin ABEL and Richard C. Bartel, Appellants, v. Martin R. SHUGRUE, Jr., Trustee for the Estates of Eastern Air Lines, Inc. and Ionosphere Clubs, Inc. and the Statutory Committee of Unsecured Creditors, Appellees.

United States District Court, S.D. New York.

March 13, 1995.

Attorney(s) appearing for the Case

Paul K. Abel, pro se.

Richard C. Bartel, pro se.

Deryck A. Palmer, Weil, Gotshal & Manges, New York City, for appellee Martin R. Shugrue, Jr., Trustee.

Adam C. Harris, O'Melveny & Myers, New York City, for appellee Statutory Committee of Unsecured Creditors.

MEMORANDUM AND ORDER

KOELTL, District Judge:

The debtors, Eastern Air Lines ("Eastern") and Ionosphere Clubs, both filed voluntary Chapter 11 petitions with the United States Bankruptcy Court for the Southern District of New York ("Bankruptcy Court") on March 9, 1989. A trustee was appointed on April 19, 1990 to operate the debtors' businesses and manage their properties. In January 1991, the debtors ceased all operations. Following the submission to the...

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