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IN RE PRISCO PROPERTIES, LLC.

Bankruptcy Case No. 10-21719

In re: PRISCO PROPERTIES, LLC, Chapter 11, Debtor.

United States Bankruptcy Court, D. New Jersey.

November 1, 2010.

Attorney(s) appearing for the Case

Paul Rubin, Esquire, John M. August, Esquire, HERRICK FEINSTEIN LLP, Newark, New Jersey, Attorneys for TD Banknorth, N.A.

Morris S. Bauer, Esquire, Melissa A. Peña, Esquire, Norris McLaughlin & Marcus, P.A., Bridgewater, New Jersey, Attorneys for Debtor.

OPINION

KATHRYN C. FERGUSON, Bankruptcy Judge

Procedural History

On April 19, 2010, Prisco Properties, LLC ("Prisco" or "Debtor") filed a voluntary Chapter 11 petition. Prisco filed its Disclosure Statement and Plan of Reorganization on July 18, 2010. TD Banknorth, N.A. ("TD Bank") filed a motion pursuant to 11 U.S.C. § 1112(b) to convert the case to Chapter 7. The Court took oral argument on TD Bank's motion to convert on September 20, 2010...

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