Nester v. Gateway Access Solutions Inc. (In re Gateway Access Solutions Inc.)

Ruling: 
Case converted to chapter 7 due to debtor's continuing losses and mismanagement.
Procedural posture: 
Movants, creditors and former corporate officials and other creditors of respondent bankruptcy debtor-in-possession, asserted that the debtor was suffering continuing losses and was subject to gross mismanagement. The movants filed a motion under 11 U.S.C. § 1112(b) to convert for cause the debtor's Chapter 11 reorganization case to a chapter 7 liquidation case.
Issue: 
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Commercial case opionion summary, case decided on September 24,2007, LexisNexis #1007-123