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IN RE SALEM SUEDE, INC.

Bankruptcy Nos. 96-13184-JNF, 96-14692-JNF.

219 B.R. 922 (1998)

In re SALEM SUEDE, INC., Debtor. In re ZION REALTY CORP., Debtor.

United States Bankruptcy Court, D. Massachusetts.

March 18, 1998.

Attorney(s) appearing for the Case

Stephen F. Gordon, Peter J. Haley, Boston, MA, for Debtors.

M. Ellen Carpenter, Boston, MA, for Chapter 11 Trustee.

Edward A. McCable, Boston, MA, for Judgment Creditors.

Paula R.C. Bachtell, Boston, MA, for U.S. Trustee.

John Nadas, Boston, MA, for Travelers Indemnity Company.

Joel B. Rosenthal, Boston, MA, for Eastern Bank.

Jeffrey A. Schreiber, Danvers, MA, for Creditors' Committee.

Kevin J. Simard, Boston, MA, for United Leather.

MEMORANDUM

JOAN N. FEENEY, Bankruptcy Judge.

I. INTRODUCTION

The amalgam of complex legal issues and human emotion permeating these Chapter 11 cases has culminated in this dispute between Salem Suede, Inc. ("Salem Suede") and Zion Realty Corp. ("Zion")(collectively, the "Debtors"), on the one hand, and the Judgment Creditors, on the other, over confirmation of the Debtors' Second Amended Joint...

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