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In re Southland Invs. Inc.

In re Southland Invs. Inc.

Ruling
Confirmation denied where plan relied on collection of speculative rent from tenants not subject to written leases.
Procedural posture

A debtor filed a voluntary petition commencing its bankruptcy case under chapter 11 of the Bankruptcy Code. The debtor filed a restated first amended plan of reorganization along with a restated first amended disclosure statement. A creditor filed an objection to the plan of reorganization.

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Commercial opinion summary, case decided on July 02, 2009 , LexisNexis #0809-092