A Debtor’s Lack of Immediate Financial Distress may be “Cause” for Dismissal
ABI
JANUARY 22, 2024
John’s University School of Law American Bankruptcy Institute Law Review Staff Section 1112 of title 11 of the United States Code (the "Bankruptcy Code") provides that upon request from a party in interest, a bankruptcy court may dismiss a chapter 11 case for "cause." [1] New JJCI"). [5] 20] [1] 11 U.S.C.
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