Matter of DRW Property Co. 82

MEMORANDUM OPINION AND ORDER REGARDING APPLICABILITY OF 11 U.S.C. § 1111(b)(1)(A) TO UN-DERSECURED, NON-RECOURSE DEFICIENCY CLAIMS

MICHAEL A. McCONNELL, Bankruptcy Judge.

Between March 25, 1985 and May 31, 1985, ninety-five related general and limited partnerships (“the Project Partnerships” or “Debtors”) filed voluntary petitions in this Court seeking protection under Chapter 11 of the Bankruptcy Code. Each partnership owned either an apartment complex or office building as its sole asset. Donald R. Walker (“Walker”), a Dallas real estate developer and syndicator, was a general partner in each…