United States Bankruptcy Court, N.D. Illinois November 1, 2007, 19-05838 (In Re South Beach Securities, Inc.)

MEMORANDUM OPINION

A. BENJAMIN GOLDGAR, Bankruptcy Judge.

This chapter 11 bankruptcy case is before the court for ruling following a combined hearing on the adequacy of the debt- or’s disclosure statement and confirmation of its plan. For the reasons that follow, confirmation of the plan will be denied.

1. Background

Debtor South Beach Securities, Inc.