MEMORANDUM OPINION
DWIGHT H. WILLIAMS, Jr., Bankruptcy Judge.
The debtor filed a proposed second amended chapter 11 plan of reorganization on February 21, 2011, as amended on March 3, 2011. An evidentiary hearing on confirmation of the plan was held on May 11, 2011. For the reasons stated herein, confirmation of the plan will be denied.
Objections to the plan were filed by (1) Federal Deposit Insurance Corporation, as receiver for Colonial Bank,...
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