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In re Picacho Hills Util. Co.

In re Picacho Hills Util. Co.

Ruling
Receiver for debtor utility excused from turnover in best interests of creditors.
Procedural posture

In this contested matter, a state court receiver (Receiver) filed a Motion to Excuse Compliance with 11 U.S.C.S. § 543(a), a Motion to Dismiss for Bad Faith Filing, and a Motion to Abstain Pursuant to 11 U.S.C.S. § 305. Debtor opposed the motions.

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Commercial opinion summary, case decided on April 26, 2013 , LexisNexis #0513-086