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IN RE C.B.G. LTD.

Bankruptcy No. 5-92-00525.

150 B.R. 570 (1992)

In re C.B.G. LIMITED, Debtor-in-Possession.

United States Bankruptcy Court, M.D. Pennsylvania.

July 7, 1992.

Attorney(s) appearing for the Case

Peter J. Hoegen, Jr., Wilkes-Barre, PA, for debtor/plaintiff.

Myles Wren, Scranton, PA, for defendant First Eastern Bank.

Robert N. Opel, II, Kingston, PA, for defendant RCP.

Michael Cordone, Wilkes-Barre, PA, for defendant J.L. Wolgin.

MEMORANDUM AND ORDER

JOHN J. THOMAS, Bankruptcy Judge.

C.B.G. Limited, the Debtor-in-Possession, is a developer of a residential land development, known as Valley of the Lakes, in Northeastern Pennsylvania. The property includes approximately three thousand eight hundred ninety-one (3,891) acres. The overall development plan assumes the construction of four (4) man-made lakes, residential units including single-family, detached residences and townhouses...

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