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In re Pilgrims Pride Corp.

In re Pilgrims Pride Corp.

Ruling
Adequate assurance agreements with utilities approved but court declined to bar nonfiling creditors from contesting adequacy in future.
Procedural posture

Before the court was a bankruptcy debtor's motion pursuant to 11 U.S.C.S. §§ 105(a) and 366 to (i) approve debtors'proposed form of adequate assurance; (ii) establish procedures for resolving objections by utility companies; and (iii) prohibit utilities from altering, refusing, or discontinuing service.

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Commercial opinion summary, case decided on January 04, 2009 , LexisNexis #0209-007