- 11 U.S.C.
Dill Oil Co. v. Stephens (In re Stephens)
Jan
15
2013
Ruling
BAPCPA did not repeal absolute priority rule by implication.
Procedural posture
The U.S. Bankruptcy Court for the Western District of Oklahoma determined that the Bankruptcy Abuse Prevention and Consumer Protection Act exempted individual chapter 11 debtors from the absolute priority rule, and confirmed appellee debtors' proposed plan of reorganization over appellant creditors' objections that the plan violated the absolute priority rule. The bankruptcy appellate panel certified the case for direct appeal.
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Court
:
Judge or Jurisdiction information not available