In Re Stuart Motel, Inc.

ORDER DENYING CONFIRMATION OF DEBTOR’S PROPOSED PLAN OF REORGANIZATION AS AMENDED AND OPINION

JOSEPH A. GASSEN, Bankruptcy Judge.

On July 31, 1980, the debtor herein filed its amended plan of reorganization (C.P.No. 56). Thereafter, on September 17, 1980, October 27, 1980 and November 3, 1980 various amendments and modifications to the said amended plan were submitted C.P. Nos.68, 82 and 88 respectively). The last modification of amended plan (C.P.No.88) was filed after the conclusion of the hearing on confirmation held October 30, 1980 which in itself was a continued date from October 14,…