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In re James Earenfight Travis

Bankr. No.: 
90-10094
Chapter: 
11
Date of Decision: 
April 5, 1991
Issue: 
Whether movant established year-old Chapter 11 debtor had an "inability to effectuate a plan" or had caused "unreasonable delay" that was prejudicial to creditors so as to establish cause for dismissal?
Ruling: 
Movant failed to establish that there was no more than a "hopeless and unrealistic possibility" that the debtor could propose a confirmable plan that met the new value exception to the absolute priority rule or that the debtor could not propose a feasible plan.
Full Bankruptcy Court Decision: