- 11 U.S.C.
In re Renegade Holdings Inc.
May
29
2013
Ruling
Confirmation denied on feasibility grounds due to discrepancy between past and projected performance.
Procedural posture
Chapter 11 trustee sought confirmation of a second amended and restated joint plan of reorganization for chapter 11 debtors that were fabricators and distributors of tobacco products consisting primarily of cigarettes and cigars. The debtors had not joined a master settlement agreement between major domestic tobacco companies and multiple states and territories and thus operated as non-participating manufacturers.
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Court
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