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IN RE PUDGIE'S DEV. OF NY

Bankruptcy No. 96 B 21969(ASH).

223 B.R. 421 (1998)

In re PUDGIE'S DEV. OF NY, et al., Debtors.

United States Bankruptcy Court, S.D. New York.

July 30, 1998.

Attorney(s) appearing for the Case

Jonathan S. Pasternak, Jill Abrams, Rattet, Hollander & Pasternak L.L.P., for Debtors and Pro Se Applicant.

Doria Stetch, Office of U.S. Trustee, New York City.

Douglas Skalka, Neubert, Pepe & Monteith, P.C., for Equity Committee.

Robert Feinstein, Kronish, Lieb, Weiner & Hellman L.L.P., Special Securities Counsel to Debtors and Pro Se Applicant.

William Kohler, Kohler & Barnes, P.C., for David Orenstein, CPA.

Robert Senzer, Fischbein, Badillo, Wagner, Harding, for Jeffrey Zisselman.

Glen Gruder, Mars, Slone & Conlon, for DiCarlo Food Distributors, Inc.

Schuyler Carol, Backenroth & Grossman, for Herbert Turk.

Mr. and Mrs. Martin Winter, Pro Se.

Bruce Kaplan, Hamburger, Maxson & Yaffe L.L.P., for Omni Partners.

DECISION RESOLVING CLAIMS TO PROCEEDS OF SALE

ADLAI S. HARDIN, Jr., Bankruptcy Judge.

This contested matter brings to a conclusion the failed Chapter 11 case of Pudgies Chicken, Inc. and its affiliates (collectively "Pudgies" or the "Debtors")

After exhaustive and fruitless efforts to find an investor to finance a reorganization or a purchaser to acquire the business of Pudgies for an economically significant purchase price, the Debtors, having...

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