- 11 U.S.C.
In re South Star Oil Co.
Sep
15
2008
Ruling
Chapter 11 trustee appointed when debtor in possession's businesses were not profitable but conversion to chapter 7 would not benefit debtor or primary creditor.
Procedural posture
Several creditors and the United States Trustee filed motions to dismiss or convert to chapter 7, or alternatively to appoint a trustee under 11 U.S.C.S. § 1104. The principal creditor asserted a priority claim under 11 U.S.C.S. §§ 507(a)(2) and 503(b)(9) for the inventory supplied within 20 days of the petition date.
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Court
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