- 11 U.S.C.
In re Reserve Golf Club of Pawleys Island LLC
Mar
23
2010
Ruling
Sale of golf club owned by debtor approved given consent of two-thirds of members as required by membership plan.
Procedural posture
A chapter 11 debtor in possession filed a motion for an order authorizing the sale of assets free and clear of certain liens, claims, encumbrances, and other interests pursuant to 11 U.S.C.S. § 363 and authorizing the assumption and assignment of certain executory contracts pursuant to 11 U.S.C.S. § 365. An official committee of unsecured creditors (committee) objected.
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Court
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