In re Armstrong World Indus.
Aug
14
2006
Ruling
Plan did not discriminate against unsecured creditors in favor of asbestos personal injury claimants.
Procedural posture
Debtors, a company and its subsidiaries, filed a fourth amended plan of reorganization, as modified. The sole objection to the plan was asserted by the unsecured creditors'committee ("UCC"), which claimed that the plan unfairly discriminated against the unsecured creditors in favor of the asbestos personal injury claimants. Thus, the UCC argued, the plan did not comply with section 1129(b) of the Bankruptcy Code, 11 U.S.C. § 1129(b).
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Court
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