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In re Quail Farm LLC

In re Quail Farm LLC

Ruling
Single real estate asset case of single member LLC dismissed in best interests of creditors and estate.
Procedural posture

Two creditors sought the dismissal or conversion of a chapter 11 debtor's case pursuant to 11 U.S.C.S. § 1112(b). Their motion was opposed by the debtor and by a subordinate lienholder.

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Commercial opinion summary, case decided on May 05, 2010 , LexisNexis #0710-026