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Ballentine Bros., Inc., Ch. 11, BK83-182

The court held that a Chapter 11 trustee should be appointed in light of the current managers' gross mismanagement of the debtor in possession's affairs, including failure to account for assets, transfers to insiders, and payment of pre-petition debt

Date: 
Wednesday, May 11, 1988
Judge: 
Judge Timothy J. Mahoney (Retired)