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In re Colonial Warehouse LLC

In re Colonial Warehouse LLC

Ruling
Case filed on eve of foreclosure with little potential for rehabilitation dismissed for lack of good faith.
Procedural posture

A creditor filed a motion to dismiss or, in the alternative, to convert a case under chapter 11 to a case under chapter 7 pursuant to 11 U.S.C.S. § 1112(b)(1). The chapter 11 debtor opposed the motion.

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Commercial opinion summary, case decided on May 20, 2013 , LexisNexis #0613-133