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In re Shenandoah, L.P. (Case No. 09-72443); In re Village in Roanoke, L.P. (09-72431) 02/02/2010

This is a consolidated opinion with regard to two single asset real estate chapter 11 debtors.  Each debtor filed a plan and disclosure statement with the Court, but later conceded that the plans were not confirmable and requested leave to file amended plans and disclosure statements.  Also before the Court is the debtors' motion for continued use of cash collateral, to which a secured creditor objected.  The secured creditor did not suggest that the debtors have in any manner abused their continued use of cash collateral to continue their normal day-to-day operations.  Accordingly, the Court authorized the debtors to continue to collect and use cash collateral and granted the debtors twenty-one days to file amended plans and disclosure statements.

Date: 
Tuesday, February 2, 2010
Category: 
Chapter 11 Issues
Confirmation of Plan
Conversion and Dismissal
Chapter: 
11