- 11 U.S.C.
In re BBB Acquisition LLC
Sep
16
2011
Ruling
Conversion to chapter 11 denied absent evidence debtor solely sought to avoid specific performance judgment or of diminution and mismanagement of estate.
Procedural posture
Creditor, a family trust, moved per 11 U.S.C.S. § 1112 to convert the chapter 11 case filed by debtor into a chapter 7 case. Objections to the motion were asserted by debtor, a bank, and two other interested parties. The U.S. Trustee (UST) had previously filed a motion for the same relief on allegations that cause for conversion was shown, and both motions were heard and decided together.
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Court
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