Creditor’s Subsequent Withdrawal of Claim Did Not Deprive Court of Equitable Jurisdiction to Hear Avoidance Adversary Myles Alderman & Eric Gruber – January, 2019 This is yet another case in the long history of litigation related to the trail of…
Plan Violated Absolute Priority Rule by Giving Debtor’s Equity Holder Exclusive Opportunity
In a case in the Eastern District of Michigan a debtor proposed a Chapter 11 plan that purported to give the debtor’s equity holder a 100% interest in the reorganized debtor in exchange for waiving his prepetition claim for $1.35…