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In re Brandywine Townhouses Inc.

In re Brandywine Townhouses Inc.

Ruling
Confirmation denied where debtor lacked cash reserves to complete low-cost cooperative housing renovation project.
Issue(s)
Could plan of debtor not-for-profit company that owned low-cost, cooperative housing development be confirmed?

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Commercial opinion summary, case decided on November 07, 2014 , LexisNexis #0315-059