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IN RE PRISM PROPERTIES, INC.

Bankruptcy No. 95-10673-PHX-CGC.

200 B.R. 43 (1996)

In re PRISM PROPERTIES, INC., Debtor.

United States Bankruptcy Court, D. Arizona.

August 2, 1996.

Attorney(s) appearing for the Case

Stanley M. Hammerman, Robert R. Hall, Hammerman & Hultgren, P.C., Phoenix, Arizona, for Movant.

Gary J. Jaburg, Michael J. McGivern, Jaburg & Wilk, P.C., Phoenix, Arizona, for Debtor.

Barbara Lee Caldwell, Office of the Maricopa County Attorney, Division of County Counsel, Phoenix, Arizona, for Maricopa County.

Barry Becker, Barry Becker, P.C., Phoenix, Arizona, for PLM Tax Certificate Program and TRC Ventures.

Leonard McDonald, Bosco, Bosco & Vakula, P.C., Phoenix, Arizona, for Southbay Christian Center.

Thomas Recine, Palo Alto, California.

Brian R. Winski, Huey & Winski, Phoenix, Arizona, for Roliz, Inc.

MEMORANDUM DECISION RE MOTION TO DISMISS

(Under Advisement Ruling)

CHARLES G. CASE, II, Bankruptcy Judge.

I. INTRODUCTION.

Prism Properties, Inc. ("Debtor"), filed its Chapter 11 petition on November 20, 1995. The Debtor filed its plan and disclosure statement on March 19, 1996; although preliminary hearings have been held, the disclosure statement has yet to be approved. On May 22, 1996, Creditor Maricopa County filed a Motion...

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