Partial “Dirt-for-Debt” Plans in Chapter 11: the “Indubitable Equiva...

Partial “Dirt-for-Debt” Plans in Chapter 11: the “Indubitable Equivalence” Debate
JD Supra (press release)
One consequence of the depressed real estate market has been numerous Chapter 11 bankruptcy cases wherein the debtor seeks confirmation of a “dirt-for-debt” plan. In such a plan, instead of paying the secured creditor the value of the real property ...