- 11 U.S.C.
In re Wallace
Jan
26
2010
Ruling
Case dismissed due to debtor in possession's diminution of estate, problematic plan and gross mismanagement.
Procedural posture
Creditors obtained a judgment confirming an arbitration award against a bankruptcy debtor, and the creditors were proceeding to execute against property of the debtor when the debtor filed his chapter 11 bankruptcy petition. The creditors moved for dismissal of the debtor's case for cause under 11 U.S.C.S. § 1112(b)(4).
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Court
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