· 1/24/2012
Proudfoot Consulting Co. v. Gordon (In Re Gordon)
Citations
- 465 B.R. 683
- 2012 WL 255274
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- Conversion of the case was “in the best interest of all the creditors, as it will maximize the Debtor’s estate.”
- “[A]bility to pay is certainly a factor that may be used in evaluating the appropriate chapter in which a debtor should operate to obtain a discharge.”
- court conducted a detailed analysis of the debt- or’s income and expenses, concluding that the debtor underestimated his monthly disposable income by at least $3,000 a month, thus finding that conversion was appropriate
- Conversion was in the interest of the debtor, where a Chapter 11 case would allow him to avoid litigation relating to his discharge, and where a Chapter 11 plan was the “preferred method for dealing with payment” of his debt.
- relying on ability to pay and potential for confirmation
- relying on ability to pay and potential for confirmation
Source: CourtListener parenthetical corpus (CC0).
Judges: Wendy L. Hagenau
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.