Memorandum Opinion granting the Motion to Dismiss the Debtor’s Case or Convert to a Case Under Chapter 7 of the Bankruptcy Code. Cause for dismissal exists under § 1112(b)(1) because Debtor filed this case in bad faith under the standard set out in Carolin Corp. v. Miller, 886 F.2d 693 (4th Cir. 1989). Further, cause exists under § 1112(b)(4)(A) due to a substantial continuing loss or diminution of the estate and absence of a reasonable likelihood of rehabilitation. In excising its discretion, the Court determined that dismissal, rather than converting the case, is appropriate.