- 11 U.S.C.
In re Newkirk
Mar
09
2012
Ruling
Confirmation denied due to insufficient disclosure statement that did not enable creditors to judge feasibility of plan.
Procedural posture
The bankruptcy admistrator and creditors objected to the confirmation of chapter 11 debtors' plan of reorganization on the basis that the disclosure statement provided insufficient information for creditors to determine the source of income to fund the plan and determine if the plan was feasible.
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Court
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