Fifth Circuit Adopts Flexible Approach to Collateral Valuation in Cr...

Fifth Circuit Adopts Flexible Approach to Collateral Valuation in Cramdown Chapter 11 Cases
Lexology
If the debtor or other plan proponent attempts to seek confirmation of a chapter 11 plan over the objection of an electing undersecured creditor, the plan can be confirmed only if it is "fair and equitable." In most cases, by operation of section 1129 ...