- 11 U.S.C.
In re Hawkins
Feb
22
2013
Ruling
Confirmation of plan dependent on sale of real estate denied on feasibility grounds.
Procedural posture
When movant, a chapter 11 debtor, sought confirmation of a proposed plan of reorganization, a lender with a $5.103 million claim secured by mortgages and by interests in timber and rents from real estate owned by debtor objected to confirmation on the basis that, contrary to 11 U.S.C.S. § 1129, the plan lacked feasibility, was not proposed in good faith, and did not provide adequate means of implementation.
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Court
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