- 11 U.S.C.
In re Red Mt. Mach. Co.
Apr
14
2011
Ruling
Plan confirmed over creditor's objection to classification of deficiency claim as unsecured.
Procedural posture
Bankruptcy debtors sought confirmation of a plan of reorganization which treated a creditor's secured claim to be paid at present value plus interest, the creditor's deficiency claim from a prior sale of assets as unsecured, and a cash payment by principals of the debtors in exchange for total equity in the reorganized debtor. The creditor objected to confirmation of the debtors' plan.
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Court
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