Sunday, July 7, 2013

Disclosure Statement Hearing Continued; Wells Fargo Files Motion to Convert GPE

The hearing on the Debtor's Disclosure Statement in support of its Amended Plan of Reorganization previously scheduled for July 11th was again continued to August 8, 2013, at 9:30am in the Bankruptcy Courtroom, U.S. Courthouse, 17 South Park Row, Erie.


On June 25, 2013, creditor Wells Fargo Equipment Finance, Inc. (“Wells Fargo”) filed a Notice Regarding Request for Evidentiary Hearing on Motion for Relief from the Automatic Stay and a Motion to Convert Case from Chapter 11 to Chapter 7 in the affiliated Bankruptcy Case for Great Plains Explorations, LLC, Case No. 12-10058-TPA.  Wells Fargo’s primary argument is that GPE has had more than adequate time to present a viable plan of reorganization and has failed to do so.  Similarly, Wells Fargo has requested an evidentiary hearing on its previously filed Motion for Relief from the Automatic Stay to determine whether it is still being adequately protected.  Hearings have been scheduled on these matter for July 25, 2013, at 10:00am in the Bankruptcy Courtroom, U.S. Courthouse, 17 South Park Row, Erie.