In re Civic Partners Sioux City, LLC

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October 7, 2013

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6512 Operators of Nonresidential Buildings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
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
PDF, Size: 223 KB

See Also

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Legal and Court Case Update
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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 ...

This article also appears in:
Business Valuation & Bankruptcy Compendium, Third Edition