Plan Comm. of NorthWestern Corp. v. NorthWestern Corp. (In re NorthWestern Corp.)
Mar
02
2007
Ruling
Bankruptcy court erred in refusing to distribute surplus held in disputed claim reserve as contemplated by plan.
Procedural posture
Appellant, the plan committee for appellee reorganized debtor, asked the bankruptcy court's permission to distribute to unsecured creditors surpluses held in a disputed claims reserve as required under the terms of the debtor's confirmed plan. The committee and appellant, an ad hoc group of creditors, appealed after the bankruptcy court denied the committee's request.
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Court
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