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IN RE DWELLCO I LTD. PARTNERSHIP

Bankruptcy No. 97-20396.

219 B.R. 5 (1998)

In re DWELLCO I LIMITED PARTNERSHIP, Debtor.

United States Bankruptcy Court, D. Connecticut.

March 23, 1998.

Attorney(s) appearing for the Case

Howard L. Siegel, Brown, Rudnick, Freed & Gesmer, Hartford, CT, for Debtor.

Craig I. Lifland, Zeisler & Zeisler, Bridgeport, CT, for Ocwen Federal Bank, FSB, Creditor.

Anthony S. Novak, Chorches & Novak, Wethersfield, CT, for trustee.

Keith N. Costa, Office of United States Trustee, New Haven, CT.

MEMORANDUM OF DECISION AND ORDERS ON COMMOTION OF TWO COMPETING PLANS OF REORGANIZATION

ROBERT L. KRECHEVSKY, Bankruptcy Judge.

I.

The court has held confirmation hearings on two competing Chapter 11 plans of reorganization — one submitted by Dwellco I Limited Partnership ("the debtor"), the Chapter 11 debtor, and the other by Ocwen Federal Bank FSB ("Ocwen"), an undersecured nonrecourse creditor.1 Both...

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