- 28 U.S.C.
FKF Madison Group Owner LLC v. 18 E. 23rd St. Realty Co. LLC (In re FKF Madison Group Owner LLC)
Jan
20
2012
Ruling
Bankruptcy court abstained from hearing adversary proceeding in which debtor had virtually no stake in the outcome.
Procedural posture
On December 29, 2011, the court issued an Order to Show Cause why it should not abstain from these adversary proceedings on a permissive basis pursuant to 28 U.S.C.S. § 1334(c)(1). The interested parties duly and thoroughly responded to the Order and the court heard argument on the issue on January 18, 2012. Plaintiff debtor as well as the non-debtor secured lender and the Committee opposed abstention.
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Court
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