- FRBP
In re Capmark Fin. Group Inc.
Nov
01
2010
Ruling
Settlement with secured lenders approved over objections of official committee of unsecured creditors.
Procedural posture
Debtors, a financial group and its subsidiaries and affiliates, filed petitions under Chapter 11 of the Bankruptcy Code, and operated their businesses as debtors in possession. The debtors negotiated an agreement to settle secured claims that were filed by several lenders, and they asked the court to approve that agreement under Fed. R. Bankr. P. 9019. An Official Committee of Unsecured Creditors opposed the debtors' motion.
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Court
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