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IN RE FIDELITY AMERICA FINANCIAL CORP.

Bankruptcy Nos. 81-00385G, 81-00386G, 81-00387G, 81-00388G and 81-00391G.

43 B.R. 74 (1984)

In re FIDELITY AMERICA FINANCIAL CORPORATION, Debtor. In re FIDELITY AMERICA MORTGAGE CO. (A Pennsylvania Corporation), Debtor. In re FIDELITY AMERICA MORTGAGE CO. (A Delaware Corporation), Debtor. In re FIDELITY AMERICA MORTGAGE CO. (A Nevada Corporation), Debtor. In re NESHAMINY OFFICE BUILDING ASSOCIATES (A Pennsylvania Limited Partnership), Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

September 28, 1984.

Attorney(s) appearing for the Case

Alexander N. Rubin, Jr., Robert Szwajkos, Rubin, Quinn & Moss, Philadelphia, Pa., for Norman M. Kranzdorf, Trustee.

Leonard M. Klehr, Fellheimer, Eichen & Goodman, Philadelphia, Pa., for Limited Partners of Neshaminy Office Building Associates.

Charles M. Golden, Weiss & Golden, Philadelphia, Pa., for Fidelity America Mortgage Corporation and Neshaminy Office Building Associates.

Norman M. Kranzdorf, Bala Cynwyd, Pa., Trustee.

Nathan Lavine, Adelman, Lavine, Krasny, Gold & Levin, Philadelphia, Pa., for Neshaminy Plaza Associates.

Neal D. Colton, Dechert, Price & Rhoads, Philadelphia, Pa., for secured mortgage noteholders in FAMCO.

Edward C. Toole, Jr., Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., and Lawrence R. Scheetz, Williams and Scheetz, Richboro, Pa., for creditors' Committee in FAMCO.

Elizabeth K. Heinze, Drexel Hill, Pa., Chairperson, unsecured creditors' committee in FAFCO.

OPINION

EMIL F. GOLDHABER, Chief Judge.

The issue at bench is whether we should approve the settlement of a controversy involving a limited partnership, of which the debtor is the general partner, over the objection of certain of the limited partners. For the reasons stated herein, we will overrule the objection and approve the settlement.

The facts of the case are as follows:1 Neshaminy Plaza Associates ("NPA") and Fidelity...

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