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In re Squires Motel LLC

In re Squires Motel LLC

Ruling
Case dismissed for bad faith where foreclosed properties were transferred to "new debtor" just prior to petition date.
Procedural posture

Creditor filed a motion seeking dismissal of the chapter 11 case of debtor" pursuant to 11 U.S.C.S. § 1112(b), in the alternative, relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d).

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Commercial opinion summary, case decided on September 17, 2009 , LexisNexis #1109-006