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In re Prosperity Park LLC

In re Prosperity Park LLC

Ruling
Relief from stay to proceed against debtor's property granted where debtor's chapter 11 plan could not be confirmed.
Procedural posture

In a Chapter 11 bankruptcy case, a debtor filed a motion seeking to confirm its first amended disclosure statement and plan of reorganization. A bank filed a motion seeking relief from the automatic stay.

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Commercial opinion summary, case decided on May 17, 2011 , LexisNexis #0611-042