- 11 U.S.C.
In re Hurricane Memphis LLC
Jun
10
2009
Ruling
Confirmation denied due to speculative nature of debtor's proposal to assume sublease and open nightclub.
Procedural posture
The debtor moved to sell personal property to the surviving reorganized debtor, and for approval of its assumption of the sublease of the premises on which it proposed to operate a night club. Objections to the debtor's motions were filed by creditors, the landlord of the real property, the county tax authority, and a primary lender; they also filed objections to confirmation of the debtor's proposed amended chapter 11 plan.
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Court
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