In re Ban Am Express, Inc.

(Bankr. W.D. Ky. Sep. 17, 2014)

The bankruptcy court denies approval of the debtor hotel operator’s chapter 11 disclosure statement and grants in part the secured creditor’s motion to dismiss the case pursuant to 11 U.S.C.§ 1112(b). The debtor’s proposed plan was not feasible, but the court concludes that immediate conversion or dismissal is not in the best interest of the estate creditors. Instead, the court orders that the debtor has 21 days to file a § 363 motion proposing a sale of the hotel properties. Opinion below.

2014-09-17 – in re ban am express

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