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§ 1129(a)(7)

Celsius Network LLC, In re

Ruling
Settlement valuing a cryptocurrency token satisfied the best interests test for confirmation of aplan of reorganization as the token had only speculative value on the petition date, which wasnot ascertainable from the market price. (Bankr. S.D.N.Y.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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Commercial opinion summary, case decided on November 09, 2023 , LexisNexis #0124-043

Boteilho Haw. Enters., In re

Ruling
Subchapter V plan was approved as it satisfied the best interests of creditors test. (Bankr. D.Haw.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 24, 2023 , LexisNexis #0124-021

Higgins AG, LLC, In re

Ruling
Plan could be confirmed by court even if less than all creditors or classes accepted the plan and, in such an instance, the plan would still be binding on those creditors or classes that rejected the plan. (Bankr. N.D. Tex.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes.

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Commercial opinion summary, case decided on May 31, 2023 , LexisNexis #0723-066

Lapeer Aviation, Inc., In re

Ruling
Debtors' second amended plan did not meet the best-interest-of-the-creditors test as itprovided no assurances that the debtors would continue to pursue certain causes of action.(Bankr. E.D. Mich.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes.

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Commercial opinion summary, case decided on October 12, 2022 , LexisNexis #1222-070

Sparks, In re

Ruling
Proposal for purchases of both real and personal property from the bankruptcy estate withexempt homestead proceeds denied. (Bankr. N.D. Tex.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes.

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Consumer opinion summary, case decided on June 25, 2021 , LexisNexis #0821-043

Hendel, In re--Hendel v. Byck

Ruling
Chapter 11 debtors could not propose lump sum payments to unsecured creditors in amountsless than they would receive in a Chapter 7 liquidation. (Bankr. D.N.J.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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:
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 22, 2021 , LexisNexis #0721-020

Hendel, In re--Hendel v. Byck

Ruling
Chapter 11 debtors could not propose lump sum payments to unsecured creditors in amountsless than they would receive in a Chapter 7 liquidation. (Bankr. D.N.J.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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:
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 22, 2021 , LexisNexis #0721-020

In re Chassix Holdings

Ruling
Chapter 11 plan confirmed over objections of creditors subject to modification of disputed release provisions.
Issue(s)
Should chapter 11 plan be confirmed over creditors' objections based on settlement of dividend claim and best interest of creditors and the estate?

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Commercial opinion summary, case decided on July 09, 2015 , LexisNexis #0815-026

In re Miller

Ruling
Confirmation denied where terms of plan contradicted cross-collateral provisions in loan agreement with creditor bank.
Issue(s)
Could debtor's third amended plan of reorganization be confirmed?

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Consumer opinion summary, case decided on May 01, 2015 , LexisNexis #0515-131

In re Conco Inc.

Ruling
Creditor who objected to confirmation was not entitled to discovery beyond the scope of what was relevant to the objection.
Issue(s)
Was creditor entitled to broad discovery pursuant to its objection to confirmation of a chapter 11 plan?

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Commercial opinion summary, case decided on November 12, 2014 , LexisNexis #1214-064