In re W.R. Grace & Co.

Ruling: 
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.
Issue: 
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