In re W.R. Grace & Co.

Plan that required hospital to submit asbestos claim to property damage trust was proposed in good faith, was feasible and did not provide unequal treatment to creditors.
Whether the U.S. District Court for the District of Delaware erred when it affirmed a bankruptcy court's decision confirming a chapter 11 bankruptcy plan that established a personal injury trust and a property damage trust, pursuant to 11 U.S.C.S. § 524(g), to resolve asbestos-related claims, and required that a hospital submit a claim it had against a corporation and related businesses ("debtors") to the property damage trust.
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Commercial case opionion summary, case decided on September 04,2013, LexisNexis #0913-130