Legal Opinion
In re Bowers Investment Co.
United States Bankruptcy Court, D. Alaska
Decided July 7, 2016No. F16-00136-GSPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM ON MOTIONS TO DISMISS OR CONVERT
GARY SPRAKER, United States Bankruptcy Judge
Secured creditor Denali State Bank (“DSB”), has filed a Motion to Dismiss Chapter 11 Case, and the United States Trustee (“UST”) has filed a separate Motion to Convert or Dismiss Chapter 11 Case. The debtor opposes both motions. For the reasons stated below, the court finds cause exists under 11 U.S.C. § 1112(b)(4)(A), (D) and (F) to convert this case to one under chapter 7.
I. CASE BACKGROUND.
The debtor has substantial assets comprised of several commercial buildings in Fairbanks, Alaska. It owns commercial…
2Cases cited8 opinions
- In Re Carol Freeman Marsch, Debtor (Two Cases). John D. Marsch, Claimant-Appellant v. Carol F. Marsch, (Two Cases)Court of Appeals for the Ninth Circuit · 1994
- In Re MontalvoUnited States Bankruptcy Court, E.D. New York · 2009
- In Re Spectee Group, Inc.United States Bankruptcy Court, S.D. New York · 1995
- Sullivan v. Harnisch (In Re Sullivan)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2014
- In re Gel, LLCUnited States Bankruptcy Court, E.D. New York · 2012
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3Cited by3 opinions
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