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In re Bucktown Station LLC

In re Bucktown Station LLC

Ruling
Relief from stay denied to creditor bank in single asset real estate case where debtor's plan showed reasonable possibility of successful reorganization.
Procedural posture

Debtor filed a petition under chapter 11 of the Bankruptcy Code, indicating that its case involved single asset real estate, putting the case on a fast time line under 11 U.S.C.S. § 362(d)(3). Creditor bank moved to modify the stay.

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Commercial opinion summary, case decided on August 17, 2011 , LexisNexis #0911-115