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MATTER OF NORTHWEST REC. ACTIVITIES, INC.

Bankruptcy Nos. 79-02976A, 79-02977A, Adversary Nos. 79-0002A, 79-0010A.

4 B.R. 36 (1980)

In the Matter of NORTHWEST RECREATIONAL ACTIVITIES, INC., d/b/a Chattahoochee Plantation Club, Debtor. In re ROBMAC, INC., d/b/a Chattahoochee Plantation Club, Debtor. CHATTANOOGA FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. NORTHWEST RECREATIONAL ACTIVITIES, INC., d/b/a Chattahoochee Plantation Club, Robmac, Inc., d/b/a Chattahoochee Plantation Club, Robert J. Butt, and William C. Ellis, Defendants. R. Arnold BAKER, Plaintiff, v. NORTHWEST RECREATIONAL ACTIVITIES, INC., d/b/a Chattahoochee Plantation Club; Robmac, Inc., d/b/a Chattahoochee Plantation Club; Robert J. Butt, and William C. Ellis, Defendants.

United States Bankruptcy Court, N.D. Georgia.

As Amended July 10, 1980.

CONTENTIONS OF THE PARTIES

WILLIAM L. NORTON, Jr., Bankruptcy Judge.

This case is before the court on a motion of two secured creditors to dismiss the Chapter 11 case filed by Northwest Recreational Activities, Inc. ("Northwest") d/b/a. The Chattahoochee Plantation Club, ("Club") and/or Robmac, Inc., or, alternatively, to lift the stay against lien enforcement as to the Club property located in Cobb County, Georgia.

Plaintiffs argue first that the...

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