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§ 1129(a)(3)

In re WBE Co.

Ruling
Debtor could not establish that plan was proposed in good faith due to breach of fiduciary duty by its managers.
Procedural posture

The debtors in possession of jointly administered cases, a business entity and an individual, moved for confirmation of their chapter 11 plans. Objections were filed. The court's opinion focused on matters related to the debtor that was a business entity (debtor).

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Commercial opinion summary, case decided on December 19, 2007 , LexisNexis #0108-081