conversion

Single Asset Real Estate Case Dismissed for “Bad Faith” Under Fourth Circuit Precedent

In In re Fairfield TIC, LLC, Case No. 18-73744-VJ (Bankr. E.D. Va. Nov. 20, 2018), the Bankruptcy Court for the Eastern District of Virginia dismissed a single asset real estate case, pursuant to section 1112(b) of the Bankruptcy Code, on… Read More ›

Secured Transaction Avoided as Unauthorized Postpetition Transfer

The United States Bankruptcy Court for the Eastern District of North Carolina recently avoided several secured financing arrangements, entered into by a debtor without court approval, as illicit transfers under section 549(a) of the Bankruptcy Code. ¬†See¬†James B. Angel v…. Read More ›