In re 1 Ashbury Court Partners LLC
Oct
05
2011
Ruling
Confirmation denied on feasibility grounds due to probable insufficiency of income from debtor's apartment complex.
Procedural posture
Debtor, an LLC that owned and operated an apartment complex in Kansas, filed a petition under chapter 11 and proposed a third amended plan for repaying its creditors. The Federal National Mortgage Association ("FNMA") filed an objection to the debtor's plan.
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Court
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