In re Riviera Drilling & Exploration Co.
Dec
19
2012
Ruling
Plan proposed after debtor failed to propose confirmable plan was in best interests of creditors and was confirmed.
Procedural posture
A chapter 11 trustee filed a motion to convert a small business debtor's case from chapter 11 to chapter 7. Several creditors objected to the motion. A proponent submitted an amended chapter 11 plan and disclosure statement, and certain creditors objected to plan confirmation. The court ordered briefing on the applicability of 11 U.S.C.S. § 1121(e).
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Court
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