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IN RE CROSSCREEK APARTMENTS, LTD.

Bankruptcy No. 96-20170.

213 B.R. 521 (1997)

In re CROSSCREEK APARTMENTS, LTD., E.I. # 62-1196821, Debtor.

United States Bankruptcy Court, E.D. Tennessee.

September 26, 1997.

Attorney(s) appearing for the Case

Thomas E. Cabaniss, Patrick L. Hayden, McGuire, Woods, Battle & Boothe, L.L.P., Norfolk, VA, for Walter F. Trent and Lynwood G. Willis.

Thomas A. DuBose, Chattanooga, TN, for Ellen B. Vergos, U.S. Trustee for Region 8.

Fred M. Leonard, Bristol, TN, for Crosscreek Apartments, Ltd.

Randal S. Mashburn, Baker, Donaldson, Bearman & Caldwell, P.C., Nashville, TN, for Condor One, Inc.

MEMORANDUM

MARCIA PHILLIPS PARSONS, Bankruptcy Judge.

This single asset case presents competing chapter 11 plans, one of reorganization proposed by two general partners of the debtor, Walter F. Trent and Lynwood G. Willis (collectively, the "Partners"), and the other, a liquidation plan, proposed by Condor One, Inc. ("Condor"), the debtor's only secured creditor. Pursuant to orders entered March 4, 1997, a confirmation...

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