S-Tek 1, LLC

UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW MEXICO In re: S-Tek 1, LLC, a New Mexico limited liability corporation, No. 20-12241-j11 Debtor. MEMORANDUM OPINION This matter comes before the Court on Debtor’s third plan of reorganization (the “Third Plan” – Doc. 420). 1 The Court held a hearing on plan confirmation on November 8 and 9, 2022. The Third Plan proposes to surrender all, or mostly all, of the collateral securing Surv-Tek, Inc.’s claim. However, Debtor has not shown how it can feasibly replace the collateral to be surrendered that Debtor would need to replace and continue its…