Court Determines Feasibility Requirements Not Met

Business Valuation UpdateVol. 3 No. 8
Legal and Court Case Update
August 1997

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5812 Eating and Drinking Places
722513 Limited-Service Restaurants
bankruptcy
bankruptcy, fair market value (FMV), franchise, marketability
Nesser v. Boston Restaurants
206 B.R. 372, 1997 Bankr. LEXIS 245
March 7, 1997
US
Federal Court
Pennsylvania
United States Bankruptcy Court
John M. Dagnon, CPA (for Nesser)<br>Mark M. Gleason, CPA (for Boston)
Fitzgerald

Summary

The charge of the Bankruptcy Court was to determine whether the requirements for confirmation of a Chapter 13 personal bankruptcy reorganization were met, or whether the Chapter 7 liquidation case should be reopened.

See Also

Nesser v. Boston Restaurants

Full Text of Court Cases
March 7, 1997

At issue is the valuation of debtor's fifty percent interest in Boston Restaurants.