IN RE ZEPHYR LAND HOLDINGS, LLC

Case No. 10-00437-8-SWH.

IN RE: ZEPHYR LAND HOLDINGS, LLC., Debtor.

United States Bankruptcy Court, E.D. North Carolina, Wilmington Division.

November 3, 2011.


ORDER DENYING CONFIRMATION OF CHAPTER 11 PLAN

STEPHANI W. HUMRICKHOUSE, Bankruptcy Judge.

The matter before the court is the confirmation of the plan of reorganization filed by the debtor on April 21, 2010 and as orally modified at hearing. Hearings were held on January 19, 2011, January 20, 2011, August 23, 2011, August 31, 2011, and September 9, 2011. For the reasons that follow, confirmation will be denied.

BACKGROUND

The debtor is a...

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