- 11 U.S.C.
In re General Growth Props.
Aug
11
2009
Ruling
Failure to negotiate with lenders and replacement of independent managers did not provide grounds for "bad faith" dismissal of chapter 11 case.
Procedural posture
Upon filing bankruptcy petitions, the ownership and operation of shopping malls by bankruptcy debtors, an ultimate parent and related entities, had a stable and generally positive cash flow and continued to perform well despite a financial crisis in the credit market. Movants, secured lenders to certain of the debtor entities, moved to dismiss the entities' cases based on lack of good faith.
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Court
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