Date of Decision:
April 18, 2012
Whether the case should be dismissed under 11 U.S.C. § 305(a)?
The case was dismissed pursuant to § 305(a). The Court concluded the case constituted only a two-party dispute, the dispute could be better resolved outside bankruptcy since no bankruptcy law issues were presented, no party would benefit from a confirmed plan, and the bankruptcy case appeared to be a product of Debtors' delay and forum shopping.
Full Bankruptcy Court Decision: