IN RE DEBBIE REYNOLDS HOTEL & CASINO, INC.

BAP No. NV-98-1862-RyKBu. Bankruptcy Nos. 97-25089-RCJ, 97-25090-RCJ, 97-25091-RCJ.

238 B.R. 831 (1999)

In re DEBBIE REYNOLDS HOTEL & CASINO, INC., Debtor. Debbie Reynolds Management Company, Inc., Debtor. Debbie Reynolds Resorts, Inc., Debtor. Calstar Corporation, Appellant, v. Debbie Reynolds Hotel & Casino, Inc.; Debbie Reynolds Management Company, Inc.; and Debbie Reynolds Resorts, Inc., Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided August 13, 1999.


Attorney(s) appearing for the Case

Jeffrey R. Sylvester, Sylvester & Polednak, Ltd., Las Vegas, NV, for Appellants.

Lenard E. Schwartzer, Hale, Lane, Peek, Dennison and Howard, Las Vegas, NV, for Debbie Reynolds Hotel & Casino, Inc.

Bob L. Olson, Shea & Carlyon, Ltd., Las Vegas, NV, for Resort Funding, Inc.

Before RYAN, KLEIN, and BUFFORD, Bankruptcy Judges.


OPINION

RYAN, Bankruptcy Judge.

After confirmation of a chapter 112 liquidating plan, the bankruptcy court approved the sale of hotel and casino property belonging to debtors-in-possession Debbie Reynolds Hotel & Casino, Inc., Debbie Reynolds Management Company, Inc., and Debbie Reynolds Resorts, Inc. ("Debtors") for $10,650,000.

Debtors' attorney, Lenard Schwartzer of Hale, Lane, Peek, Dennison, Howard and...

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