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IN RE VICTORIAN PARK ASSOCIATES

Bankruptcy No. 92 B 25140.

189 B.R. 147 (1995)

In re VICTORIAN PARK ASSOCIATES an Illinois limited partnership, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

November 15, 1995.

Attorney(s) appearing for the Case

Deborah V. Weisler, Douglas S. Draper, Draper & Culpepper, New Orleans, Louisiana, for Victorian Park Associates.

Philip V. Martino, Janice L. Durban, Rudnick & Wolfe, Chicago, Illinois, Diane Graham, Office of the U.S. Trustee, Chicago, Illinois, Christopher D. Oakes, Shefsky & Froelich, Ltd., Chicago, Illinois, Norman J. Ginsparg, Sugar, Friedberg & Felsenthal, Chicago, Illinois, Allen H. Meyer, Chicago, Illinois, Loftus & Loftus, Park Ridge, Illinois, Peter Peterson, The M.F.I. Companies, Atlanta, Georgia, Donald A. Tarkington, Novack and Macey, Chicago, Illinois, Robert Berkover, Chicago, Illinois, Harold E. Nelson, Clary, Nantz, Wood, Hoffius & Cooper, Grand Rapids, MI, David B. Earl, Jennings, Strouss & Salmon, P.L.C., Phoenix, AZ, for The Patrician Mortgage Company.

AMENDED MEMORANDUM OPINION

RONALD BARLIANT, Bankruptcy Judge.

Introduction

This case presents an unusual problem involving the post-confirmation rights of parties to a chapter 11 plan of reorganization. The plan was confirmed, but never "substantially consummated." The Debtor now wants to proceed to confirm a modified plan. The secured creditor, Patrician Mortgage Company, has, however, filed numerous objections to the modified...

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