United States Bankruptcy Court, W.D. New York April 25, 2001, 2-19-20105 (In Re Tillotson)

MICHAEL J. KAPLAN, Bankruptcy Judge.

The question before the Court is so easy to state that it may deceive one into expecting an easy answer. The question is this: If a reorganization court’s finding that a Chapter 11 plan was “feasible” turns out to be so wrong that the plan not only fails, but, in addition, the value of what had been a fully-secured lender’s collateral has been substantially