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IN RE CREST-MEX CORP.

Bankruptcy No. 96-40642-H2-11, Adversary No. 97-4185.

223 B.R. 681 (1998)

In re CREST-MEX CORP. CREST-MEX CORP. v. COUNTY OF DALLAS, City of Dallas, Dallas Independent School District, Dallas Central Appraisal District, and Dallas County Appraisal Review Board

United States Bankruptcy Court, S.D. Texas, Houston Division.

June 15, 1998.

Attorney(s) appearing for the Case

Joe Klaus, Houston, TX, for Crest-Mex Corporation.

Elizabeth Weller, Linebarger, Heard, Goggan, Fort Worth, TX, for County of Dallas, City of Dallas, and Dallas ISD.

Michael M. Tabor, Clark, West, Keller, Butler & Ellis, Dallas, TX, for Dallas Central Appraisal District and Dallas Central Appraisal Review Board.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

WESLEY W. STEEN, Bankruptcy Judge.

On January 24, 1996, Crest-Mex Corp. filed for chapter 11 bankruptcy protection. Debtor's primary asset is an apartment building, known as La Sierra Apartments ("the Apartments") and personal property located at that site. The Apartments are located in an economically depressed area of Dallas. The property was assessed and taxed in the name of M. Torma until Crest-Mex acquired...

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