Confirmation Of A Chapter 11 Plan: Good Faith In The Context Of “Art...

08/11/16


Confirmation Of A Chapter 11 Plan: Good Faith In The Context Of “Artificial Impairment”
Lexology (registration)
In order to confirm a chapter 11 plan, at least one class of creditors whose claims are “impaired” must accept the plan. The concept of “impairment” is very broad. Under the Bankruptcy Code, a class of claims is impaired unless the plan “leaves ...

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