- 11 U.S.C.
In re Bridgeport Redevelopment Inc.
Feb
07
2012
Ruling
Confirmation denied due to treatment of secured claim that was not fair or equitable.
Procedural posture
Secured creditor, which held a mortgage on debtor's real property, filed an objection with respect to its treatment of the claim under the chapter 11 plan, pursuant to 11 U.S.C.S. § 1111(b)(2). Debtor asserted that the treatment of the claim was fair and equitable under 11 U.S.C.S. § 1129(b)(1), because it provided the creditor with the indubitable equivalent of the secured claim.
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Court
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