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In re TP Inc.

In re TP Inc.

Ruling
Chapter 11 trustee appointed due to mismanagement of affairs, failure to maintain property and failure to pay quarterly fees.
Procedural posture

In a debtor's chapter 11 case, a creditor moved to appoint a trustee pursuant to 11 U.S.C.S. § 1104 or alternatively, to convert to chapter 7 pursuant to 11 U.S.C.S. § 1112. The creditor also moved for disbursement of funds. The bankruptcy administrator moved for conversion under § 1112 or for dismissal.

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Commercial opinion summary, case decided on April 21, 2011 , LexisNexis #0511-095