In re Basil St. Partners LLC
Jun
28
2012
Ruling
Case converted to chapter 11 absent bad faith.
Procedural posture
Four petitioning creditors filed an involuntary bankruptcy petition under chapter 7. One secured creditor was involved in a prepetition state court action to foreclose a contested mortgage lien encumbering the alleged debtor's real property, a development project that was operated by a receiver. The debtor filed a motion to convert its case to chapter 11, pursuant to 11 U.S.C.S. § 706(a).
ABI Membership is required to access the full summary of In re Basil St. Partners LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: