In Re Jr. Food Mart of Arkansas, Inc.
United States Bankruptcy Court, E.D. Arkansas
1Opinion of the Court
ORDER
MARY D. SCOTT, Bankruptcy Judge.
In this, the debtor’s third foray into bankruptcy, the Court has no remedy for the debtor or creditors that the state court cannot fashion. Accordingly, this case will be dismissed pursuant to section 305(a) of the Bankruptcy Code. Indeed, this result was foretold when this Court dismissed the debtor’s second bankruptcy case:
Unfortunately, [these debtors] are the subject of a bitter dispute between two persons, each fifty percent shareholders of the parent corporation, Arkco. Some of the litigation has proceeded in state court to a conclusion, at least at…
2Cases cited5 opinions
- Remex Electronics Ltd. v. Axl Industries, Inc. (In Re Axl Industries, Inc.)District Court, S.D. Florida · 1991
- In Re 801 South Wells Street Ltd. PartnershipUnited States Bankruptcy Court, N.D. Illinois · 1996
- In Re Westerleigh Development Corp.United States Bankruptcy Court, S.D. New York · 1992
- In Re Arkco Properties, Inc.United States Bankruptcy Court, E.D. Arkansas · 1997
- In re Arkco Corp.United States Bankruptcy Court, E.D. Arkansas · 1997
3Cited by8 opinions
- In Re SpadeUnited States Bankruptcy Court, D. Colorado · 2001
- In Re ELRS Loss Mitigation, LLCUnited States Bankruptcy Court, N.D. Oklahoma · 2005
- In Re International Zinc Coatings & Chemical Corp.United States Bankruptcy Court, N.D. Illinois · 2006
- In Re Cincinnati Gear Co.United States Bankruptcy Court, S.D. Ohio · 2003
- In re MikkelsonUnited States Bankruptcy Court, D. North Dakota · 2013
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