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IN RE 20 BAYARD VIEWS, LLC,

No. 09-50723-ess.

445 B.R. 83 (2011)

In re 20 BAYARD VIEWS, LLC, Debtor.

United States Bankruptcy Court, E.D. New York.

March 7, 2011.

Attorney(s) appearing for the Case

John S. Mairo, Esq., Warren J. Martin Jr., Esq., Porzio, Bromberg & Newman, P.C., Morristown, NJ, Attorneys for the Debtor.

Andrew C. Gold, Esq., Hanh V. Huynh, Esq., Frederick E. Schmidt, Esq., Herrick, Feinstein LLP, New York, NY, Attorneys for W. Financial Fund, LP.

William E. Curtin, Esq., Office of the United States Trustee, Brooklyn, NY, Office of the United States Trustee.

Leslie A. Berkoff, Esq., Lia M. Pistilli, Esq., Moritt Hock Hamroff & Horowitz LLP, Garden City, NY, Conflicts Counsel for the Debtor.

Avrum J. Rosen, Esq., The Law Offices of Avrum J. Rosen, PLLC, Huntington, NY, Attorney for Bayard Views Condominium Association.

MEMORANDUM DECISION ON CONFIRMATION OF THIRD AMENDED PLAN OF REORGANIZATION

ELIZABETH S. STONG, Bankruptcy Judge.

Before this Court is the confirmation of the Third Amended Plan of Reorganization, as modified (the "Plan"), filed by 20 Bayard Views, LLC in this Chapter 11 case. The Debtor developed a 62-unit residential condominium complex in Williamsburg, Brooklyn, and beginning in 2007, sales of these luxury units beginning were strong. But as the economy...

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