In re Sawrtville LLC
Aug
17
2012
Ruling
Confirmation denied where impairment to general unsecured claims was indicative of bad faith.
Procedural posture
A creditor objected to the confirmation of a chapter 11 plan on the ground that the debtor could not produce at least one accepting impaired class in satisfaction of 11 U.S.C.S. § 1129(a)(10) and thus could not proceed to cramdown.
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Court
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