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IN RE SAGECREST II LLC,

Case Nos. 08-50754 (AHWS), 08-50755 (AHWS), 08-50763 (AHWS), 08-50844 (AHWS), Jointly Administered, Under Case No. 08-50754 (AHWS), Case No. 10-52523 (AHWS)., 10-52524 (AHWS)

SAGECREST II LLC, SAGECREST FINANCE LLC, SAGECREST HOLDINGS LIMITED, and SAGECREST DIXON INC., Chapter 11, Debtors. In Re: ANTIETAM FUNDING, LLC, Chpater 11, Debtor. In Re: NATIONAL CONSOLIDATED FUNDING, LLC, Chapter II, Debtor.

United States Bankruptcy Court, D. Connecticut, Bridgeport Division.

December 22, 2010.

Attorney(s) appearing for the Case

Patrick J. Neligan, Jr., Esq. , James P. Meunker, Esq. Neligan Foley LLP 325 North St. Paul, Suite 3600, Dallas, TX. For the Debtors.

James Berman, Esq. , Zeisler and Zeisler, 556 Clinton Ave., Bridgeport, CT. For the Debtors.

Norman N. Kinel, Esq. , David A. Van Grouw, Esq. , Lowenstein Sandier PC 1251 Avenue of the Americas, New York, NY. For the Movants.

John F. Carberry, Esq. , Cummings & Lockwood LLC Six Landmark Square, Stamford, CT. For the Movants.

MEMORANDUM AND ORDER (1) ADJOURNING HEARING ON MOTION TO DISMISS UNDER 11 U.S.C. § 1112(b); (2) STAYING DISCOVERY; and (3) SETTING DATE FOR FILING DISCLOSURE STATEMENT AND CHAPTER 11 PLAN

ALAN H. S. SHIFF, Bankruptcy Judge

On November 11, 2010, AIIFinancial Group, LLC, AllSettled Group, Inc., AllSettled Partners, Inc., AllSettled Assets, LLC, and Capital Credit Group SD, Inc. (collectively, the "AllSettled Parties") moved to dismiss the chapter 11 cases...

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