Double Whammy: Sixth Circuit Upholds Absolute Priority Rule In Indiv...

Double Whammy: Sixth Circuit Upholds Absolute Priority Rule In Individual ...
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Cardin could not file a Chapter 13 because his debts exceeded the eligibility limits in Section 109, so he filed a Chapter 11. He was unable to obtain the affirmative votes of Ice House's class, so endeavored to invoke the cramdown (i.e., the "confirm ...