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In re Southbelt Props. Mgmt.

In re Southbelt Props. Mgmt.

Ruling
Case converted to chapter 7 after foreclosure of primary income producing asset given debtor's misuse of cash collateral and failure to file reports.
Procedural posture

An assignee of a creditor filed a motion to convert a chapter 11 debtor's case to chapter 7 for cause pursuant to 11 U.S.C.S. § 1112(b).

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Commercial opinion summary, case decided on November 19, 2010 , LexisNexis #1210-130