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In re Loco Realty Corp.

In re Loco Realty Corp.

Ruling
Case dismissed where chapter 11 plan was not feasible due to absence of source of funding.
Procedural posture

The successor to a predecessor creditor moved to dismiss the debtor's chapter 11 case pursuant to 11 U.S.C.S. § 1112(b)(1) for cause. Alternatively, the successor moved to dismiss, suspend, or abstain from presiding over the debtor's case pursuant to 11 U.S.C.S. § 305(a).

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Commercial opinion summary, case decided on June 25, 2009 , LexisNexis #0809-053