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BEAL BANK, S.S.B. v. JACK'S MARINE, INC.

Civil Action No. 95-5752, Bankruptcy Nos. 90-21609, 90-21610.

201 B.R. 376 (1996)

In re BEAL BANK, S.S.B., Appellant, v. JACK'S MARINE, INC. and Jack's Neshaminy Marina, Inc., Appellee.

United States District Court, E.D. Pennsylvania.

August 12, 1996.

Attorney(s) appearing for the Case

Richard Kwasny, Joshua Markowitz, Markowitz and Zindler, Lawrenceville, NJ, for Jack's Marine, Inc., Jack's Neshaminy Marine, Inc.

Jeffrey Kurtzman, Klehr, Harrison, Harvey, Branzburg, Ellers, Philadelphia, PA, Herbert A. Delap, Weinhart, Boerner, Van Deuren, Norris & Rieselbach, P.C., Denver, CO, for Beal Bank, S.S.B.

Kevin L. Flanagan, Capehart & Scatchard, P.A., Mount Laurel, NJ, for Bombardier Capital, Inc.

Frederick J. Baker, U.S. Trustee, U.S. Department of Justice, Philadelphia, PA, pro se.

MEMORANDUM AND ORDER

O'NEILL, Senior District Judge.

Beal filed a motion pursuant to 11 U.S.C. § 1112(b) (1994) to convert or dismiss this Chapter 11 proceeding. By Order entered August 11, 1995, the Bankruptcy Court denied this motion, required the Debtor to pay Beal pursuant to the confirmed plan of reorganization, extended the deadline for that payment by 60 days, and required Beal to assign its mortgage...

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