Not exact matches
«Disposable income» is defined
as income not reasonably necessary for the maintenance or support of the
debtor or dependents or for making payments needed to continue, preserve, and
operate the
debtor's business.
The term «single asset real estate» is defined
as «a single property or project, other than residential real property with fewer than four residential units, which generates substantially all of the gross income of a
debtor who is not a family farmer and on which no substantial business is being conducted by a
debtor other than the business of
operating the real property and activities incidental.»
Success in the case came from the collaboration of the largest creditors, effectively
operating as an informal committee, and identification of a viable exit strategy with the
debtor after the creditors filed their own plan.