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IN RE PETALUMA GREENBRIAR INVESTMENTS 2, LLC

No. 11-10654.

In re: PETALUMA GREENBRIAR INVESTMENTS 2, LLC, Debtor(s).

United States Bankruptcy Court, N.D. California.

November 8, 2011.

Memorandum Re Plan Confirmation

ALAN JAROSLOVSKY, Bankruptcy Judge.

This is a single asset real estate case governed by § 362(d)(3) of the Bankruptcy Code. The debtor has filed a Chapter 11 plan which purports to assume and perform (at a time in the future) a prepetition forbearance agreement with Westamerica Bank.1 The Bank opposes the plan because it has already foreclosed and because the forbearance agreement has expired...

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