- 11 U.S.C.
SPCP Group LLC v. Norton
Sep
21
2011
Ruling
Absolute priority rule did not apply to prevent individual chapter 11 debtor from retaining property over objection of unsecured creditor.
Procedural posture
Appellant, appellee debtors' largest unsecured creditor, challenged a decision of the U.S. Bankruptcy Court for the Middle District of Florida, which confirmed the plans of reorganization of the debtors.
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Court
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