- 11 U.S.C.
In re Hand
May
05
2009
Ruling
Confirmation denied in chapter 13 case which was then dismissed in best interests of creditors.
Procedural posture
Debtors filed a petition under chapter 11 and a plan for repaying their creditors. Secured creditors filed objections to confirmation of the debtors' plan, arguing, inter alia, that the plan failed to satisfy the "best interest of creditors" test under 11 U.S.C.S. § 1129(a)(7)(A)(ii), was not fair and equitable under 11 U.S.C.S. § 1129(b). The case was tried to the court.
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Court
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