In Re River Capital Corp.

MEMORANDUM OPINION

DOUGLAS O. TICE, Jr., Bankruptcy Judge.

On March 7, 1991, the court held hearing on confirmation of the debtor’s chapter 11 plan. Other issues considered at the hearing included: (1) a motion by Island Brook Holding Company (“IBHC”) for temporary allowance of its claim for purposes of accepting or rejecting the plan; (2) objections to the plan filed by IBHC and the Small Business Administration (“SBA”).

During the course of the hearing the court denied IBHC’s motion, overruled the objections to confirmation and ruled that the plan would be confirmed. This opinion supplements…