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Russ's Car Wash, Inc. & James A. Martinez, Ch. 11, BK06-41676 (Oct. 22, 2007)

The court granted a creditor’s motion to convert this case from Chapter 11 to Chapter 7, finding cause for conversion in the debtors’ inability to formulate a feasible plan because they were unable to find a buyer for their primary asset. The debtors also failed to file a disclosure statement and plan within the time periods established by the Bankruptcy Code, and paid pre-petition expenses and post-petition professional fees without court order.

Monday, October 22, 2007
Judge Thomas L. Saladino