Appellate Court Severely Undercuts Chapter 11's Usefulness For ...

Appellate Court Severely Undercuts Chapter 11's Usefulness For Individual Debtors
JD Supra (press release)
The court held that the long-standing “absolute priority rule” still applies in individual Chapter 11 cases, notwithstanding the 2005 amendments to the Bankruptcy Code. Under this rule, an individual Chapter 11 debtor must pay every objecting unsecured ...
The Examiners: Long History Backs Up Role of Claims Trading in BankruptcyWall Street Journal (blog)

all 4 news articles »