Bankr. No.:
87-10274
Chapter:
12
Date of Decision:
July 8, 1994
Issue:
Bank. Nos. 87-10274 and 87-10275 (consolidated cases). Whether substantively consolidated Chapter 12 case should be dismissed or converted where post-confirmation the debtors used secured assets contrary to a creditor's authorization?
Ruling:
The case was converted to Chapter 7 because of fraud.
Full Bankruptcy Court Decision:
Appeal Summary:
The district court affirmed the bankruptcy court’s decision.
Full Bankruptcy Appellate Panel/District Court Appeal Opinion: