Judge Scraps Jameson Inns Unit's Ch. 11 For Bad Faith
In a 33-page opinion, U.S. Bankruptcy Judge Mary F. Walrath dismissed JER/Jameson Mezz Borrower II LLC’s Chapter 11 case with prejudice, agreeing with lender Colony Capital LLC that the bankruptcy was undertaken in bad faith and served no valid bankruptcy purpose.
In her decision, Judge Walrath relied on the fact that the debtor is...
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