Alexander Properties, L.L.C. v. Patapsco Bank

MEMORANDUM

JAMES K. BREDAR, District Judge.

The issue that must be decided in this appeal is whether the bankruptcy court properly declined approval of Appellant’s disclosure statement because Appellant’s proposed Chapter 11 reorganization plan was unconfirmable inasmuch as it depended upon

1. the bankruptcy court’s ordering Appellee to vacate confessed judgments ■obtained by Appellee in Maryland state courts against nondebtor guarantors on a loan made by Appellee to a nondebtor borrower and

2. the bankruptcy court’s ordering Appellee to return to a nondebtor borrower cash collateral, on a loan…