SlideBelts Inc.
Opinion
Trial Court Opinion
NOT FOR PUBLICATION 2 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF CALIFORNIA 5 In re: Case No. 2019-25064-A-11 SLIDEBELTS, INC.,
BMR-
8 Debtor. MEMORANDUM 10
13 Submitted on July 2, 2020 14 at Sacramento, California 15 Honorable Fredrick E. Clement, Bankruptcy Judge Presiding
17 Appearances: Brian M. Rothschild, Parsons Behle & Latimer for Slidebelts, Inc.
22 23 24 25 26 27 Unless otherwise ordered, dismissal of a chapter 11 case results in revesting of property in the estate. 11 U.S.C. § 349(b). Slidebelts, Inc. filed chapter 11, incurring professional fees to its counsel and to committee counsel. It wishes to dismiss the case, pay its counsel, and then immediately re-file the case under Subchapter V of chapter 11. As a condition of dismissal may the court require payment on the same terms to committee counsel? I. FACTS Slibebelts, Inc. manufacturers and sells belts used as articles of clothing. Unlike traditional belts, which employ a hole and tongue method of size…