In re Matrix Dev. Corp.
Jul
16
2009
Ruling
Unsecured recourse creditor allowed to make election for treatment of claims over debtor's objection.
Procedural posture
Undersecured recourse creditors of the debtor made elections for treatment of their claims under 11 U.S.C.S. § 1111(b)(2). The debtor filed an objection the on the grounds that those creditors were barred from making that election under 11 U.S.C.S. § 1111(b)(1)(B)(ii).
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Court
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