- 11 U.S.C.
In re TSIC Inc.
Aug
18
2008
Ruling
Settlement between unsecured creditors' committee and purchaser of assets did not violate absolute priority rule and was approved.
Procedural posture
The United States Trustee objected to a settlement, proposed pursuant to Fed. R. Bankr. P. 9019 and 11 U.S.C.S. § 105(a), between the official committee of unsecured creditors for a chapter 11 debtor and the potential and ultimately approved purchaser of all of the debtor's assets.
ABI Membership is required to access the full summary of In re TSIC Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: