Why after more than a decade in Chapter 7 would the case be converted to Chapter 11?
At present there is no plan to convert the case to Chapter 11. If, however, the Trustee and other parties in interest are to determine that such conversion would be necessary to realize additional incremental value for creditors, the Court may be asked by separate motion to consider such conversion. The reallocation of “Chapter 11 Attributable Distributions” in a Chapter 11 case is addressed in the accompanying Summary.
Related Questions
- : Now that the case has been converted, will creditors and shareholders be required to file proofs of claim or interest in order to participate in the distribution under any Chapter 11 plan?
- Why after more than a decade in Chapter 7 would the case be converted to Chapter 11?
- Can a Chapter 13 case be converted to Chapter 7?
