In re Malden Brook Farms LLC
Jul
20
2012
Ruling
Chapter 11 case ordered converted where debtor had no business to reorganize and was not a non-moneyed company.
Procedural posture
A chapter 11 trustee filed a motion to convert a debtor's case from chapter 11 to chapter 7 on the grounds that the debtor had no business to reorganize and that the debtor's principals had hindered and interfered with the trustee's performance of his duties. The debtor's principals objected to conversion, arguing that conversion was prohibited under 11 U.S.C.S. § 1112(c).
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Court
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