The United States Trustee filed a motion to dismiss the case, moving for dismissal under 11 U.S.C. § 1112(b)(1) for six defined causes provided in 11 U.S.C. § 1112(b)(4). These grounds included the debtor’s alleged failures to: append either its Federal income tax return or a statement of noncompliance to the voluntary petition; file an operating report; comply with the Court’s order requiring certain reports; respond to the United States Trustee’s requests for tax returns; maintain the debtor’s corporate status; and operate the business so as to prevent substantial or continuing loss to the estate. The Court granted the motion to dismiss without prejudice to refiling.
Judge:
Date:
Tuesday, October 11, 2011
Category:
Chapter 11 Issues
Conversion and Dismissal
Chapter:
11