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IN RE WRT ENERGY CORP.

Bankruptcy No. 96-50212. Adversary No. 98-5445.

282 B.R. 343 (2001)

In re WRT ENERGY CORPORATION, Debtor. WRT Creditors Liquidation Trust, Plaintiff, v. WRT Bankruptcy Litigation Master File Defendants, Defendants.

United States Bankruptcy Court, W.D. Louisiana, Lafayette-Opelousas Division.

August 24, 2001.

Attorney(s) appearing for the Case

Paul N. Debaillon, Lafayette, LA, Gerald F. Slattery, Jr., New Orleans, LA, Mitchell A. Seider, Houston, TX, Jeffrey S. Sabin, New York City, Paul J. Goodwine, New Orleans, LA, Milling, Benson, Woodward, Lafayette, LA, David R. Dyer, New Orleans, LA, Michael L. Schein, Schulte, Roth & Zabel, LLP, New York City, Mark S. Farha, Dallas, TX, Lisa Dianne Hollbrook, Oklahoma City, OK, for WRT Energy Corp.

Charles H. Robertson, Dallas, TX, Douglas S. Draper, New Orleans, LA, Robein Ronquillo De Leo, Mandeville, LA, Daniel H. Golden, New York City, for DIP.

REASONS FOR DECISION

GERALD H. SCHIFF, Chief Judge.

I. INTRODUCTION

WRT Energy Corporation, Inc. ("WRT" or "Debtor"), filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code1 on February 14, 1996 ("Petition Date"), and on that day an order for relief was duly entered. On May 5, 1997, an order was entered confirming the Modified Second Amended Joint Plan of Reorganization Under Chapter 11 of the...

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