1129 | ABI

Bankruptcy Judge Paul Bonapfel differed with two judges in Houston by holding that a nonaccepting class in Subchapter V means that a plan must be confirmed in cramdown.

Court :

11th Circuit

Georgia

Georgia Northern District

A Discussion of Critical Issues and Practical Tips for the Subchapter V Trustee and Practitioner

Bankruptcy Code

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Releases, a/k/a Exculpations, of Insiders Barred Under a Chapter 11 Plan

Bankruptcy Judges Wiles in New York decided that insiders were not entitled to releases under Section 503(c), but not for the reasons contained in Purdue.

Court :

3rd Circuit

New Jersey

Individual Subchapter V Cases: Square Pegs in Round Holes?

Bankruptcy Code

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Subchapter V Update

Bankruptcy Code

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Courts Are Now Split on Ignoring Nonvoting Classes in Subchapter V Plans

Disagreeing with two bankruptcy courts in Houston, Miami’s Judge Isicoff holds that a Sub V plan with a nonvoting class can be confirmed only as a nonconsensual plan.

Court :

11th Circuit

Florida

Florida Southern District