Bankr. No.:
91-50290
Chapter:
11
Date of Decision:
September 16, 1993
Issue:
Whether creditor met burden of proof on motion to convert case to Chapter 7?
Ruling:
Creditor's motion to dismiss was denied. Debtor testified that his plan was feasible and Creditor did not offer any evidence to refute Debtor's testimony. There was no evidence of equity erosion so as to impair Creditor's unsecured claim. Court set deadline for Debtor to get his plan confirmed.
Full Bankruptcy Court Decision:
