DUNES HOTELS & CASINOS INC
8-K, 1995-12-06
LESSORS OF REAL PROPERTY, NEC
Previous: LEE SARA CORP, 424B3, 1995-12-06
Next: AMERICAN GENERAL FINANCE CORP, 424B3, 1995-12-06



                    SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                                 FORM 8-K


                              CURRENT REPORT


                     Pursuant to Section 13 or 15(d) 
                 of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) November 22, 1995


                   DUNES HOTELS AND CASINOS INC.   
(Exact name of registrant as specified in charter)


                            New York    
(State or other jurisdiction of incorporation)


        1-4385                              11-1687244
(Commission File Number)                  (IRS Employer Identification No.)


4045 South Spencer, Las Vegas, Nevada                    89119   
(Address of principal executive offices)              (Zip Code)


Registrant's telephone number, including area code (702) 732-7474


                         Not Applicable
(Former name or former address, if changed since last report)



Item 5.   OTHER EVENTS

  On November 22, 1995, an order was entered in the United
States Bankruptcy Court, Southern District of California,
dismissing Continental California Corporation, a wholly owned
subsidiary of the Company, bankruptcy case.

Item 7.   FINANCIAL STATEMENTS AND EXHIBITS

          (c)  Exhibits

          99.01     Order Granting Joint Motion to Dismiss
                    Bankruptcy Case and Adversary Proceeding

                                SIGNATURES

  Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

                                  DUNES HOTELS AND CASINOS INC.
                                          (Registrant)



Dated:  December 6, 1995          By:  /s/ James H. Dale
                                       James H. Dale, Treasurer


PETER L. DUNCAN (CAL. BAR NO. 123308)
PYLE SIMS DUNCAN & STEVENSON
401 "B" Street, Suite 1500
San Diego, California  92101
(619) 687-5200

Attorneys for
RESOLUTION TRUST CORPORATION,
AS RECEIVER FOR SAN ANTONIO
SAVINGS ASSOCIATION, F.A.


                      UNITED STATES BANKRUPTCY COURT

                      SOUTHERN DISTRICT OF CALIFORNIA


In re                    )         Case No. 95-07973-LA11
                         )
CONTINENTAL CALIFORNIA   )         ORDER GRANTING JOINT MOTION
CORPORATION, a Delaware  )         TO DISMISS BANKRUPTCY CASE
corporation,             )         AND ADVERSARY PROCEEDING
                         )
                         )
          Debtor         )
                         )         Date:     November 9, 1995
                                   Time:     10:00 a.m.
                                   Dept:     2
                                        Judge Adler


     Upon consideration of the joint motion of the Debtor in
Possession and the Resolution Trust Corporation, as receiver for
San Antonio Savings Association, F.A., to dismiss this case,
after notice by mail to all creditors and other parties in
interest, and a hearing held at the above-referenced date, time
and department, the Honorable Louise DeCarl Adler presiding, and
after considering the evidence presented, the court finds that
dismissal of this case is in the best interests of creditors and
the debtor under 11 U.S.C. section 1112(b), it is therefore,

     ORDERED, ADJUDGED, AND DECREED that:
     
     1.   The Court finds that notice to all creditors was
appropriate and in conformity with the Bankruptcy Code and the
Bankruptcy Rules;

     2.   The Court finds that cause exists to dismiss this case
because all unsecured creditors will be paid and the RTC has
agreed to the dismissal;

     3.   The case be, and it hereby is, dismissed with prejudice
pursuant to 11 U.S.C. section 1112(b) including any and all
adversary proceedings including, but not limited to, adversary
proceeding no. 95-90469-LA11 entitled CONTINENTAL CALIFORNIA
CORPORATION, ET AL. V. RESOLUTION TRUST CORPORATION, ET AL.,
which is also dismissed with prejudice; and

     4.   All administrative expenses allowed by this Court shall
be paid the full amount of their interim awards and any final
awards approved or yet to be approved.

Dated   Nov 22 1995    , 1995.
                                    /s/                          
                                   LOUISE DECARL ADLER, JUDGE
                                   UNITED STATES BANKRUPTCY COURT




In re CONTINENTAL CALIFORNIA                              November 15, 1995
CORPORATION, a Delaware corporation,

          Debtor.
Case No. 95-07973-LA11

ORDER GRANTING JOINT MOTION TO
DISMISS BANKRUPTCY CASE AND
ADVERSARY PROCEEDING



Submitted by:

EDWARDS & KOLESAR, CHARTERED


By:  /s/                       
     Nile Leatham, Esq.
     Attorneys for the Debtor in Possession





In re CONTINENTAL CALIFORNIA                              November 15, 1995
CORPORATION, a Delaware corporation,

          Debtor.
Case No. 95-07973-LA11

ORDER GRANTING JOINT MOTION TO
DISMISS BANKRUPTCY CASE AND
ADVERSARY PROCEEDING



Approved as to form and content:

PYLE SIMS DUNCAN & STEVENSON
A Professional Corporation



By   /s/                      
     Peter L. Duncan
     Attorneys for Resolution Trust Corporation
    Receiver for San Antonio Savings Association, F.A.





In re CONTINENTAL CALIFORNIA                              November 15, 1995
CORPORATION, a Delaware corporation,

          Debtor.
Case No. 95-07973-LA11

ORDER GRANTING JOINT MOTION TO
DISMISS BANKRUPTCY CASE AND
ADVERSARY PROCEEDING



Approved as to form:

OFFICE OF THE UNITED STATES TRUSTEE


By:  /s/                     
     David Ortiz, Esq.
     Assistant United States Trustee





In re CONTINENTAL CALIFORNIA                              November 15, 1995
CORPORATION, a Delaware corporation,

          Debtor.
Case No. 95-07973-LA11

ORDER GRANTING JOINT MOTION TO
DISMISS BANKRUPTCY CASE AND
ADVERSARY PROCEEDING



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission