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In re Mayslake Village, 09-43338

Opinion Issued: Dec. 7, 2010
By: Honorable John H. Squires

The Upshot: Chapter 11 reorganization in which the Debtor-in-Possession sought to continue operating a housing development in Plainfield. The secured creditor, Bank of America, sought to modify the automatic stay and foreclose on the development based on the argument that the proposed Chapter 11 Plan did not meet the standards for plan feasibility set forth in 11 U.S.C. 1129.

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