In re LCGI Fairfield LLC

Single asset real estate cases were not filed in bad faith.
Procedural posture: 
A creditor filed a motion to dismiss a jointly administered chapter 11 case on the grounds that the case was filed in bad faith, that there were independent grounds to dismiss the case under 11 U.S.C.S. § 1112(b), and that the court should abstain from hearing the case under 11 U.S.C.S. § 305. The debtors opposed the motion and also asserted that the motion was barred by laches.
ABI Membership is required to access the full summary of In re LCGI Fairfield LLC. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on February 23,2010, LexisNexis #0510-062