Lender Uses Debtor’s Own Appraiser to Show Plan Lacks Financial Feasibility

Business Valuation UpdateVol. 17 No. 1
Legal and Court Case Update
January 2011

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7997 Membership Sports and Recreation Clubs
713910 Golf Courses and Country Clubs
bankruptcy
In re Fairvue Club Properties
2010 WL 4501959 (Bkrtcy. M.D. Tenn.)
November 2, 2010
US
Federal Court
Tennessee
United States Bankruptcy Court
Andy Hinds (debtors); Miles McDonald and Andrew Cantor (lender)
Paine

Summary

Lender uses cash flow projections by the debtors’ appraiser to show that the proposed reorganization plan for two golf clubs is unfair and not feasible.

See Also

In re Fairvue Club Properties

Full Text of Court Cases
November 2, 2010

Lender uses cash flow projections by the debtors’ appraiser to show that the proposed reorganization plan for two golf clubs is unfair and not feasible.