The following excerpt is from In re Shea & Gould, 214 BR 739 (Bankr. S.D.N.Y. 1997):
Under 1112(b) of the Bankruptcy Code, we can dismiss or convert a chapter 11 case "for cause". See 11 U.S.C. 1112(b). The statute lists ten non-exclusive bases for relief. Id.;1 see also C-TC 9th Avenue Partnership v. Norton Co. (In re C-TC 9th Avenue Partnership), 113 F.3d 1304, 1311 & n. 5 (2d Cir.1997) ("In re C-TC") (bankruptcy court exercises its broad equitable discretion based on the particular facts and circumstances of a case in determining whether there is "cause" under 1112(b) to dismiss a case).
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