THP argues against liquidation

``TH Properties of Lower Salford has fired back at a real estate adviser who recently petitioned the court to convert the developer’s Chapter 11 bankruptcy case to Chapter 7 liquidation... “THP has not made enough progress during the last 23 months to warrant its continuing under Chapter 11 protection,” Reeves said in the latest filing. “THP has been operating not as a viable business; if it had been, it would be out of bankruptcy by now.”''