In Re Pensignorkay, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that two parcels of undeveloped land that “the Debtor acquired with the intention of creating subdivided parcels suitable for building and development constitutes a ‘single property or project’ within the meaning of the statute”
• finding that because the debtor acquired the property with the intention of subdividing it for building and development, it was a SARE case
• “Since, the Debtor did not file a Chapter 11 plan within 90 days after the filing of its petition, LC is entitled to relief from the automatic stay pursuant to Code § 362(d)(3).”

Source: CourtListener parenthetical corpus (CC0).