Individual Chapter 11 Debtors Cannot Escape The Absolute Priority Ru...

Individual Chapter 11 Debtors Cannot Escape The Absolute Priority Rule
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In a case of first impression before the 9th Circuit, on January 28, 2016, the Court held that the Absolute Priority Rule applies in all chapter 11 cases, even if the debtor is an individual. In re Zachary. In relevant part, the Absolute Priority Rule ...