In Re Adana Mortgage Bankers, Inc.

ORDER DENYING APPROVAL OF DEBTOR’S PROPOSED DISCLOSURE STATEMENT

WILLIAM L. NORTON, Jr., Bankruptcy Judge.

The above-styled case having come on for hearing before this Court as scheduled at 3:00 p. m. on November 24, 1980, for a determination of the adequacy of Debtor’s Proposed Disclosure Statement (the “Disclosure Statement”), as required under 11 U.S.C. § 1125, and the Court having examined Debtor’s proposed Chapter 11 Plan of Reorganization (“Debtor’s Plan”) and the Disclosure Statement, and the Court having heard argument from counsel for the Debt- or, for The First National Bank of…