In Re Cott

MEMORANDUM OPINION AND ORDER

JOEL PELOFSKY, Bankruptcy Judge.

The Court denied confirmation of debtors’ first plan of reorganization, finding that it was not feasible and that unsecured creditors would not receive as much under the plan as in liquidation. A second amended plan was filed on which a hearing was held. Debtors appeared in person and by counsel; Charterbank (Boatmens) of Marshall appeared by counsel and a representative. Evidence was heard and the matter taken under advisement.

Thereafter the Court and counsel met to discuss the issues raised. The Court suggested that the plan as…