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Save Our Springs Alliance Inc. v. WSI (II)-CSO LLC

Save Our Springs Alliance Inc. v. WSI (II)-CSO LLC

Ruling
District court properly affirmed denial of confirmation on feasibility grounds due to speculative reliance on donors.
Procedural posture

Appellant, a Chapter 11 debtor, sought review of a decision of the United States District Court for the Western District of Texas affirming orders of the bankruptcy court and concluded that the bankruptcy court correctly denied plan confirmation under 11 U.S.C.S. §§ 1121 and 1129 and dismissed the petition and that the debtor was judicially estopped from denying that it was a small business debtor.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on January 26, 2011 , LexisNexis #0211-064