In re J.S. II LLC

Ruling: 
Sale of real estate holdings by debtors could proceed without consent of interested party.
Procedural posture: 
Debtors, limited liability companies ("LLC") filed petitions for relief under chapter 11, and the matters were administered jointly. The debtors sought leave of court to sell some real estate holdings and two interested parties objected. The debtors sought reconsideration of the court's earlier interlocutory ruling that required consent of the interested party before the sale could be completed.
Issue: 
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Commercial case opionion summary, case decided on November 29,2007, LexisNexis #1207-121