In re Civic Partners Sioux City, LLC

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October 7, 2013
6512 Operators of Nonresidential Buildings
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bankruptcy
bankruptcy, discounted cash flow (DCF), reorganization, chapter 11, bankruptcy code, cramdown

In re Civic Partners Sioux City, LLC
2013 Bankr. LEXIS 4225
US
Federal Court
Iowa
United States Bankruptcy Court
Steven Shaykett (creditors); Fred Lock (debtor)
Collins

Summary

The Bankruptcy Court finds the debtor’s reorganization plan is not feasible because it fails to provide enough funds to pay in full the primary creditor’s secured claim; the plan rested on an improperly low valuation of the property that makes up the majo ...
In re Civic Partners Sioux City, LLC
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See Also

Plan Confirmation Hinges on Property Valuation

The Bankruptcy Court finds the debtor’s reorganization plan is not feasible because it fails to provide enough funds to pay in full the primary creditor’s secured claim; the plan rested on an improperly low valuation of the property that makes up the majo ...