Case Summary:
Creditor's motion to convert case from chapter 11 to chapter 7 for failure to file plan and disclosure statement is denied. Decision whether to dismiss or convert is within discretion of court. Continuation of case would not result in any substantial benefit to creditors or to the estate; case will therefore be dismissed. Moving creditor can pursue its remedies in state court.
Statue/Rule References:
11 U.S.C. § 348 -- Conversion
Key Terms:
Dismissal
File:
Judge:
Date:
Wednesday, November 4, 1987