- 11 U.S.C.
In re Dorsey Trailer Co.
Nov
20
2007
Ruling
Plan did not violate absolute priority rule where no payments were to be made to claims junior to unsecured claims.
Procedural posture
A debtor's chapter 11 case came before the court for confirmation of its amended plan of liquidation. A creditor objected, asserting that the plan violated the absolute priority rule of 11 U.S.C. § 1129(b)(2)(B) and that it violated the good faith clause in a settlement agreement between the creditor and a creditor bank.
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Court
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