- 11 U.S.C.
In re Windham Mills Dev. Corp.
Apr
08
2008
Ruling
Redetermination of value of collateral appropriate given changed circumstances.
Procedural posture
A debtor filed for relief under chapter 11 of the Bankruptcy Code. The debtor submitted a plan allowing a secured creditor to purchase the debtor's property as part of the plan of reorganization. The court issued an order that determined the value of the collateral, pursuant to 11 U.S.C.S. § 506 (506. The State of Connecticut, Department of Economic and Community Development (the DECD) filed a motion to vacate the 506 order.
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Court
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