In re Reserves Resort Spa & Country Club LLC
Jul
12
2013
Ruling
Case converted for cause as debtors were not being rehabilitated and debtor's principal's lack of respect for chapter 11 requirements.
Procedural posture
Debtor and its related entities (debtors) filed cases under chapter 11 of the United States Bankruptcy Code, 11 U.S.C.S. § 101 et seq. Several creditors and the Office of the United States Trustee (OUST) moved to convert the cases for cause under 11 U.S.C.S. § 1112(b)(1) and (4)(A), (B) and (F).
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Court
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