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In re 401 Properties Limited Partnership

14 B 44983
This is Debtor 401 Properties Limited Partnership's second Chapter 11 case.  Its first Chapter 11 case was found to have been filed in bad faith and dismissed on August 16, 2010 - case number 10 B 28114. The court found that the second case was also filed in bad faith. The Debtor's principals Leon Greenblatt and Andrew Jahelka (as well as its former general partner's representative Michael Horrell) are using the bankruptcy system to wage a battle for control of the Debtor, rather than the appropriate bankruptcy purposes of maximizing recoveries to creditors and maintaining a going concern.

Date: 
Wednesday, August 10, 2016