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IN RE VALLAMBROSA HOLDINGS, L.L.C.

No. 08-40791.

419 B.R. 92 (2009)

In the matter of VALLAMBROSA HOLDINGS, L.L.C., Debtor. Canpartners Realty Holding Company IV, L.L.C., Movant v. Vallambrosa Holdings, L.L.C., Respondent.

United States Bankruptcy Court, S.D. Georgia, Savannah Division.

June 18, 2009.

Attorney(s) appearing for the Case

James L. Drake, Jr., Savannah, GA, James L. Paul, John K. Rezac, Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, GA, for Debtor.

MEMORANDUM AND ORDER ON VALLAMBROSA'S MOTION TO RECONSIDER DISMISSAL PURSUANT TO BANKRUPTCY RULES 9023 AND 9024

LAMAR W. DAVIS, JR., Bankruptcy Judge.

FINDINGS OF FACT

Debtor's case was filed May 6, 2008, on the morning of a scheduled foreclosure over a large tract of land it was developing known as Vallambrosa Plantation ("Vallambrosa") in Chatham County, Georgia. Movant Canpartners Realty Holding Company IV, L.L.C. ("Canpartners...

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