- 11 U.S.C.
In re LichtinWade LLC
Aug
28
2012
Ruling
Extension of exclusivity period granted in best interests of debtor and creditors.
Procedural posture
A bankruptcy debtor which owned developed and undeveloped commercial properties sought to extend the periods under 11 U.S.C.S. § 1121 in which the debtor exclusively could propose a plan of reorganization and solicit votes for acceptance of the plan. The debtor moved to extend the exclusivity periods for cause, and the debtor's primary creditor secured by the debtor's properties moved to terminate the exclusivity periods.
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Court
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