Virium B.V., VFR Holding B.V., Mas Arbos Invest B.V., and Alveni Holdings B.V., secured creditors, filed a motion in the US Bankruptcy Court seeking the conversion of its bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on February 10, 2015. The movant believes that there is substantial or continuing loss to or diminution of the estate and the absence of a reasonable likelihood of rehabilitation.
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