In re Walsh

Ruling: 
Plan rejected by creditor trust had to be fair and equitable and otherwise satisfy §1129(b).
Procedural posture: 
Debtor filed a petition under chapter 11, and an investors trust filed a limited objection to the debtor's disclosure statement. The court overruled the trust's objection but preserved it as an objection to confirmation of the debtor's plan. The trust, as a secured creditor in Class 6 of the debtor's plan and an unsecured creditor in Class 8 of the debtor's plan, cast negative votes on the plan.
Issue: 
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Consumer case opionion summary, case decided on March 08,2011, LexisNexis #0411-027