Motion for Case Conversion or Case Dismissal Filed for Rooster Energy Ltd.
June 08, 2018 at 12:00 am EDT
The US Trustee filed a motion in the US Bankruptcy Court seeking the conversion of Rooster Energy, LLC’s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation or case dismissal on June 8, 2018. Alternatively, US Trustee seeks dismissal of the case. The reason being that the debtor failed to file plan or reorganization or disclosure statement within the time period fixed by the Court and also, there is substantial loss and absence of likelihood of rehabilitation of the estate.