In re Bermuda Bay LLC
Dec
31
2009
Ruling
Disclosure statement not approved due to inadequate information.
Procedural posture
Bankruptcy debtors owned real property which was part of a resort development and were formulating a reorganization plan of which a key component was the sale of vacation ownership interests in the resort. A creditor secured by a portion of the property objected to the debtors' disclosure statement on the ground that it contained inadequate information.
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Court
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