it wouldn't hurt if we all sent a letter to the judge with this in it voicing our concern! might make a diffrence
Hon. Marvin Isgur
United States Bankruptcy Court
Southern District of Texas, Houston Division
515 Rusk Avenue
Houston, TX 77002
In re ATP Oil & Gas Corporation, Case No. 12-36187
"A strong showing must be made in order to justify the sale of substantially all of the debtor's assets prior to confirmation of a plan of reorganization. Such a sale occurs without the disclosure, solicitation, voting, and confirmation process connected with confirmation of a plan of reorganization. The appeasement of major creditors is not a sufficient justification for the sale of substantially all assets of the estate outside of a plan of reorganization."
"Several courts have identified the following four requirements must exist in order to satisfy the "sound business purpose" test: (1) sound business reason; (2) accurate and reasonable notice; (3) adequate price; and (4) good faith."
