- 11 U.S.C.
ACC Bondholder Group v. Adelphia Communs. Corp. (In re Adelphia Communs. Corp.)
Jan
24
2007
Ruling
Stay pending appeal granted where appellants' arguments that plan did not satisfy best interests of creditors test had substantial probability of success.
Procedural posture
In an action arising out of jointly administered chapter 11 cases of a parent company and its subsidiaries (collectively referred to as the debtors), appellant objectors, who were holders of notes issued by the parent company, filed a motion pursuant to Fed. R. Bankr. P. 8005 for a stay pending appeal and an expedited appeal with respect to a bankruptcy court's confirmation order approving the debtors'chapter 11 reorganization plan.
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Court
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