|
DENIAL OF CONFIRMATION:
(f) 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)];
(g) Revocation of a confirmation order and denial of confirmation of
a different or a modified plan [B.C. §1112(b)(6)];
(h) Inability to substantially consummate a plan that has been
confirmed [B.C. §1112(b)(7)];
(i) A material default by the debtor concerning a plan that has been
confirmed
(I) Termination of a plan by the happening of a condition contained
in the plan
(k) Failure to pay any necessary fees or charges imposed under
chapter 123 of title 28
(I) 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)
d. 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.
e. 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)].
|