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IN RE NEUSTETER REALTY CO.

Civ. A. No. 87-M-0058, Bankruptcy Nos. 85-B-07034 M to 85-B-07036 M.

79 B.R. 30 (1987)

In re the NEUSTETER REALTY COMPANY, et al., Debtors. The NEUSTETER REALTY COMPANY, Neusteter Downtown Corporation, and Stetco, Inc., Appellants, v. HOLZMAN-DEMUTH NOTEHOLDERS, Appellees.

United States District Court, D. Colorado.

June 23, 1987.

Attorney(s) appearing for the Case

Stephen Seifert, Carolyn C. Fuller, Fairfield & Woods, Denver, Colo., for appellants.

Michael J. Guyerson, Rothgerber, Appel, Powers & Johnson, Denver, Colo., for appellees.

MEMORANDUM OPINION AND ORDER

MATSCH, District Judge.

This is an appeal from a judgment awarding $85,473.02 on a secured claim in a Chapter 11 bankruptcy proceeding over the debtors' objections. The dispute arises from the sale of property which was subject to a deed of trust to secure promissory notes held by creditors who are identified as the Holzman-Demuth Noteholders, appellees ("noteholders").

The appellants stopped making the required monthly...

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