The latest document I see is "Wednesday, September 18, 2019 9:58AM Certificate of No Response to Filed by DANIEL S. SIEDMAN on behalf of Long Run Realty, Inc. d/b/a Timberline Four Seasons Realty Related"
Maybe one of the attorneys here or someone with access to a PACER account can interpret what that means.
So there were 2 separate motions scheduled to be heard yesterday- 1) extension of time to assume or reject certain leases and 2) the conversion from Chapter 11 to 7. The Certificate of no response is related to the first issue. Basically Timberline's lawyers filed a motion asking for an extension of time on the lease issue and no one (neither govt nor the unsecured creditors committee) filed a response objecting to that. So Timberline's lawyers filed a the certificate of no response and asked the court to grant the extension since there were no objections.
With respect to the conversion hearing, the only info in PACER is the filing of the operating reports from Timberline that they were supposed to be filing all along (and which their lack of filing was one of the reasons the govt asked for conversion to Chapter 7.) There is no final order entered (yet) from the Judge about whether she granted or denied the conversion. My guess is that because Timberline is in real negotiations with real buyers and those buyers have until October 10th to complete due diligence, she did not convert it and will let that process play out. What should happen next if that is the case is that Timberline will file a motion asking for the court to approve conditions for a sale/auction and whomever is the buyer that Timberline has made a deal with will set the the floor for the bid at auction, and in reality, unless someone comes along and swoops in at auction with a higher bid, that initial minimum bid to that buyer will be the sale price. I'll be on the lookout for anything additional that gets filed with the court.