Matter of Nat. Awards Mfg. Inc.

MEMORANDUM DECISION

CHARLES A. ANDERSON, Bankruptcy Judge.

This matter came on for a continued hearing on 1 November 1983 upon the amended Plan of Reorganization duly filed on 23 August 1983 and Objection to Confirmation by the Unsecured Creditors’ Committee filed on 14 October 1983.

National Awards Mfg., Inc. (Debtor in Possession), filed its voluntary petition for relief on 10 August 1982. It has continued to operate its business of manufacturing trophies and plaques.

At the time of filing, Dan Paxton was President (since removed) and a Director and the other Directors were Frank Comito, Dave…