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DENIAL OF CONFIRMATION:
Denial of confirmation of
every plan that has been filed, and denial of a request for an
extension of time to file another plan or to modify a plan [B.C.
§1112(b)(5)];
Revocation of a confirmation order and denial of confirmation of
a different or a modified plan [B.C. §1112(b)(6)];
Inability to substantially consummate a plan that has been
confirmed [B.C. §1112(b)(7)];
A material default by the debtor concerning a plan that has been
confirmed
Termination of a plan by the happening of a condition contained
in the plan ,
Failure to pay any necessary fees or charges imposed under
chapter 123 of title 28
Failure to file the information required by Bankruptcy Code
section 521
(1) and a list of the creditors holding
the twenty largest unsecured claims with their amounts within
fifteen days after the filing of the Chapter 11 petition. (Note:
This ground applies only in a voluntary case, upon a request made by
the United Stales trustee)
Exceptions—fanners and non-business corporations: If the debtor
is a fanner or a non-business corporation, conversion of the case to
Chapter 7 is prohibited unless the debtor requests the conversion.
Conversion to Chapter 12 or 13: The court may convert a Chapter
11 case lo a Chapter 12 or 13 case only if the following elements
are present
(1) The debtor requests the conversion;
(2) The debtor has not received a Chapter 11 discharge; and
(3) If the conversion sought by the debtor is to Chapter 12,
the
court finds that the conversion is equitable [B.C. §1112(d)(3)].
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