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In re Frankfort Tower Indus. Inc.

In re Frankfort Tower Indus. Inc.

Ruling
Creditors'committee's objection to interim distribution overruled as creditors were bound by terms of confirmed plan.
Procedural posture

In a consolidated proceeding, the debtors sought relief under chapter 11 of the Bankruptcy Code and a plan of reorganization was confirmed. The debtors'disbursing agent filed a notice of intent to commence a fourth interim distribution, and the official creditors'committee objected to the notice.

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Commercial opinion summary, case decided on December 30, 2008 , LexisNexis #0209-139