In re Nutritional Sourcing Corp.

Ruling: 
Confirmation denied due to definition of "trade creditors" differing from that in mirror loan notes issued in prior reorganization.
Procedural posture: 
Debtors, a parent and two subsidiary corporations, and the Official Committee of Unsecured Creditors supported the confirmation of the debtors' joint chapter 11 plan of liquidation. A number of parties filed objections to the plan.
Issue: 
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Commercial case opionion summary, case decided on December 23,2008, LexisNexis #0209-053