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IN RE BARKLEY-CUPIT ENTERPRISES, INC.

Bankruptcy No. 81-01483A, Adv. Nos. 81-0702A, 81-0809A.

13 B.R. 86 (1981)

In re BARKLEY-CUPIT ENTERPRISES, INC., Debtor. The EQUITABLE LIFE ASSURANCE SOCIETY OF the UNITED STATES, Plaintiff, v. BARKLEY-CUPIT ENTERPRISES, INC., Defendant.

United States Bankruptcy Court, N.D. Georgia, Atlanta Division.

July 13, 1981.

Attorney(s) appearing for the Case

David A. Handley, Atlanta, Ga., for Equitable Life Assurance Society of United States.

William G. McDaniel, Alan L. Dye, Atlanta, Ga., for Barkley-Cupit Enterprises, Inc.

WILLIAM L. NORTON, Jr., Bankruptcy Judge.

FINDINGS OF FACT

1. Barkley-Cupit Enterprises, Inc., a Georgia corporation, filed a Voluntary Chapter 11 Petition on April 6, 1981.

2. The primary asset of the Debtor is a country club and the appurtenances thereto known as the Rivermont Golf and Country Club (hereinafter referred to as the "Club"). The Debtor first came into possession of the Club in 1973 pursuant to a Lease-With-Option-To-Purchase Agreement...

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