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In re Greenwood Point LP

In re Greenwood Point LP

Ruling
Debtor's classification of claims and treatment of creditor in order to obtain plan acceptance votes did not constitute bad faith.
Procedural posture

Debtor, an Indiana limited partnership, filed a petition under chapter 11 and proposed a plan for reorganizing its business of operating a shopping center. An LLC, solely in its capacity as Special Servicer for a bank, filed objections to the debtor's plan.

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Commercial opinion summary, case decided on February 04, 2011 , LexisNexis #0311-028