Major Bank Secures Conversion of Chapter 11 Case to Chapter 7

Obtained conversion of a chapter 11 case to a chapter 7 case for a major lending institution in a case involving real estate in Malibu. The debtor had filed three bankruptcy cases prior to scheduled foreclosure dates, which stayed the sale of his Malibu property. After the debtor failed to file the necessary paperwork with the bankruptcy court for the third case, the case was seemingly closed until we obtained in rem relief from the automatic stay. This allowed the bank to take action on recovering its $11 million judgment against the debtor.