It’s a move designed to rapidly clear away one’s debts, and the pre-petition receiver of the radio stations formerly licensed to Ed Stolz‘s Royce International Broadcasting wants the U.S. Bankruptcy Court for Nevada to make it.
Larry Patrick wants Stolz’s case converted from Chapter 13 to Chapter 7. It’s a request that comes in response to Stolz’s recent sale of property in Rancho Mirage, Calif., during the pendency of his bankruptcy case — bringing him more than $1 million in proceeds.
