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IN RE LAS MARTAS, INC.

Bankruptcy Case No. 22-02380-ESL.

LAS MARTAS, INC., d/b/a Vaqueria Las Martas, Debtor. LAS MARTAS, INC., Appellant, v. CONDADO 5, LLC, and JOSÉ R. CARRIÓN, Chapter 12 Trustee, Appellees.

United States Bankruptcy Appellate Panel, First Circuit.

March 5, 2025.

Attorney(s) appearing for the Case

Daniel M. Press, Esq., on brief for Appellant.

Gustavo A. Chico-Barris, Esq., and Tomás F. Blanco-Pérez, Esq., on brief for Appellee, Condado 5, LLC.

Before: Fagone, Panos, and Katz, United States Bankruptcy Appellate Panel Judges.

The bankruptcy court granted a motion to dismiss the chapter 12 case of Las Martas, Inc. for cause. In so doing, the court determined that there was "continuing loss to or diminution of the estate" and no "reasonable likelihood of rehabilitation" under 11 U.S.C. § 1208(c)(9). On appeal, the...

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