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In re Chadda

In re Chadda

Ruling
Case dismissed due to debtor's failure to propose confirmable non-speculative plan.
Procedural posture

A chapter 11 debtor sought confirmation of an amended reorganization plan. Creditors of the debtor and the United States trustee objected on the grounds that the plan did not meet the feasibility requirement of 11 U.S.C. § 1129(a)(11). One of the creditors also filed a motion to dismiss the debtor's case pursuant to 11 U.S.C. § 1112.

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Commercial opinion summary, case decided on November 09, 2007 , LexisNexis #0108-124