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In re Omni Lion’s Run, L.P.
Citation:578 B.R. 394 (Bankr. W.D. Tex. 2017)
Omni Lion’s Run, L.P. and Omni Lookout Ridge, L.P. (Debtors) filed chapter 11 petitions. In January, 2016, a fire destroyed Building Four of the Lookout Property. The lender for the Lookout Property did not consent to the use of the insurance proceeds and held the proceeds despite the fact that Belfor completed its work. Belfor filed a state court lawsuit. Hall desires to pay Belfor through the plan and release the insurance proceeds to the lender. The Lookout Property has filed for chapter 11 protection.
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