In re Veltmann
Nov
21
2007
Ruling
Dismissal warranted where debtor had not filed plan, disclosures or monthly operating reports and where proceeds of sale of partnership outside bankruptcy might satisfy creditors.
Procedural posture
Debtors filed a voluntary petition under chapter 11, and the United States Trustee ("UST") filed a motion to dismiss the case or convert it to one under chapter 7. The State of New Mexico, Taxation and Revenue Department, joined the UST's motion seeking conversion, while other creditors supported dismissal.
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Court
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