In re TMT Procurement Corp.
United States Bankruptcy Court, S.D. Texas
1Opinion of the Court
MEMORANDUM OPINION
Marvin Isgur, UNITED STATES BANKRUPTCY JUDGE
Hsin-Chi Su has established that there is a substantial or continuing loss to or diminution of the estate under 11 U.S.C. § 1112(b)(4)(A). The appointment of an examiner under § 1112(b)(1) is in the best interests of the creditors and the estates. The Court has already granted preliminary relief in the form of an examiner; further relief is not appropriate.
Background
The Debtors filed for chapter 11 bankruptcy on June 20, 2013.1 (ECF No. 2458 at 1). Debtors’ cases are jointly administered. At the commencement of the cases, the…
2Cases cited16 opinions
- In the Matter of Woodbrook Associates, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1994
- In Re C-Tc 9th Avenue PartnershipCourt of Appeals for the Second Circuit · 1997
- TMT Procurement Corp. v. Vantage Drilling Co. (In Re TMT Procurement Corp.)Court of Appeals for the Fifth Circuit · 2014
- Nester v. Gateway Access Solutions, Inc. (In Re Gateway Access Solutions, Inc.)United States Bankruptcy Court, M.D. Pennsylvania · 2007
- In re Creekside Senior Apartments, L.P.Bankruptcy Appellate Panel of the Sixth Circuit · 2013
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