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IN RE FRGR MANAGING MEMBER LLC

No. 09-11061 (MG).

419 B.R. 576 (2009)

In re FRGR MANAGING MEMBER LLC, Debtor.

United States Bankruptcy Court, S.D. New York.

November 16, 2009.

Attorney(s) appearing for the Case

Backenroth, Frankel & Krinsky, LLP, by Abraham J. Backenroth, Esq., New York, NY, for Debtor.

Diana G. Adams, United States Trustee, by Nazar Khodorovsky, Esq., Trial Attorney, New York, NY.

Silverman Acampora LLP, by Ronald J. Friedman, Esq., Jericho, NY, for First Republic Group Realty LLP.

Kramer Levin Naftalis & Frankel, LLP, by Elise Scherr Frejka, Esq., New York, NY, for Citigroup Global Markets Realty Corp.

OPINION AND ORDER GRANTING MOTION OF U.S. TRUSTEE CONVERTING CASE TO A CASE UNDER CHAPTER 7

MARTIN GLENN, Bankruptcy Judge.

FRGR Managing Member LLC ("FRGR" or "Debtor") filed this chapter 11 case on March 9, 2009. On October 9, 2009, the U.S. Trustee filed a motion to convert the case to a case under chapter 7, or in the alternative, to dismiss the case, pursuant to Bankruptcy Code § 1112(b). The Debtor opposes the motion. Two other parties support...

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