United States Bankruptcy Court, E.D. New York February 13, 2009, 1-16-41653 (In Re Fmo Associates II, LLC)

MEMORANDUM DECISION

ROBERT E. GROSSMAN, Bankruptcy Judge.

Before the Court is a motion by FMO Associates II, LLC (the “Debtor”) to convert its Chapter 7 case to a ease under Chapter 11 pursuant to 11 U.S.C. § 706. The Debtor urges the Court to grant the motion arguing that it has not acted in bad faith and is therefore eligible to be a debt- or under Chapter 11.