In re WH Land Co. LLC
Nov
02
2010
Ruling
Single asset real estate case converted to chapter 7 after primary mortgage creditor was granted relief from stay.
Procedural posture
A bankruptcy debtor in a single asset real estate case failed to reach a settlement with its primary creditor which held a first mortgage interest in the debtor's property, and the creditor granted relief from the automatic bankruptcy stay. The bankruptcy court issued a rule to show cause a rule to show cause to determined if the debtor's chapter 11 case should be dismissed or converted under 11 U.S.C.S. § 1112(b).
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Court
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