Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

In re Geo. W. Park Seed Co.

Ruling: 
Administrative super priority claim disallowed as released in settlement agreement.
Procedural posture: 
Movant creditor sought the allowance and payment of an administrative super-priority claim, under 11 U.S.C.S. § 507(a) and (b), on the basis that the adequate protection provided by the trustee for its claim secured by cash collateral had failed, causing it to suffer loss in its secured position. The chapter 11 trustee objected, asserting the creditor had released any such claim in a settlement agreement.
Issue: 
ABI Membership is required to access the full summary of In re Geo. W. Park Seed Co.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on December 29,2010, LexisNexis #0311-116