In re Forbes Transp. LLC

Ruling: 
Case converted to chapter 7 rather than voluntarily dismissed due to debtor's transfer of cash collateral to principal in violation of court order.
Procedural posture: 
The debtors filed motions to dismiss their chapter 11 bankruptcy cases. A secured creditor requested that the cases be converted to chapter 7, pursuant to 11 U.S.C.S. § 1112(b)(1).
Issue: 
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Commercial case opionion summary, case decided on April 02,2009, LexisNexis #0609-063