In re Ridgemour Meyer Props. LLC
Nov
12
2008
Ruling
Chapter 11 trustee appointed for cause due to debtor's concealment of property transfer.
Procedural posture
A bankruptcy debtor and its joint venturer disputed whether to continue their venture to erect a high-rise building on property contributed by the debtor, and an arbitrator determined that the debtor would control the property pending dissolution of the joint venture and a determination of the parties'rights and obligations. The debtor then filed its bankruptcy petition, and the joint venturer moved for appointment of a trustee.
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Court
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