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In re T.A.T. Prop.

In re T.A.T. Prop.

Ruling
Confirmation of chapter 11 plan denied as not feasible and case dismissed as centering around a two-party dispute better resolved by foreclosure.
Procedural posture

Debtor, a New York real estate grantor trust, filed a petition under chapter 11 on October 14, 2005, just prior to the effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, and proposed several plans for reorganizing its business. A mortgagee filed an objection to an amended plan the debtor filed on May 8, 2008.

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Commercial opinion summary, case decided on February 20, 2009 , LexisNexis #0509-139