In re Connector 2000 Assn

Ruling: 
Nonprofit group's chapter 9 plan approved over creditor's objection.
Procedural posture: 
Debtor, a South Carolina nonprofit corporation, filed a petition under chapter 9 of the Bankruptcy Code, proposed a plan for reorganizing its business, and asked the court to confirm its plan. A creditor sent the court a letter which objected to confirmation.
Issue: 
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Commercial case opionion summary, case decided on April 01,2011, LexisNexis #0511-023