In re American Capital Equip. LLC
Jul
25
2012
Ruling
Bankruptcy court did not err in converting chapter 11 case with more than 29,000 asbestos claims to chapter 7 as plan was patently unconfirmable.
Procedural posture
Chapter 11 bankruptcy debtor appealed from the United States District Court for the Western District of Pennsylvania's order affirming the Bankruptcy Court's order, which converted debtor's chapter 11 bankruptcy case to a chapter 7 on the basis that its plan was patently unconfirmable. Joining the appeal was the representative for the estate of an asbestos claimant.
ABI Membership is required to access the full summary of In re American Capital Equip. LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Judge or Jurisdiction information not available