In Re Shat
United States Bankruptcy Court, D. Nevada
1Opinion of the Court
OPINION ON ABSOLUTE PRIORITY RULE
BRUCE A. MARKELL, Bankruptcy Judge.
Martin and Anjanette Shat (“Debtors ”) filed for bankruptcy protection under chapter 11 on November 5, 2008. On August 20, 2009, they filed their Third Amended Plan of Reorganization (“Plan ’’l, 1 which the court orally confirmed on October 13, 2009.
The only contested issue at the confirmation hearing was whether the “absolute priority” rule of 11 U.S.C. § 1129(b)(2)(B)(ii) applies to individual chapter 11 debtors after passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Pub.L. No. 109-8 (2005)…
2Cases cited30 opinions
- Grogan v. GarnerSupreme Court of the United States · 1991
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- Caminetti v. United StatesSupreme Court of the United States · 1917
- Lamie v. United States TrusteeSupreme Court of the United States · 2004
- Food & Drug Administration v. Brown & Williamson Tobacco Corp.Supreme Court of the United States · 2000
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- In Re DraimanUnited States Bankruptcy Court, N.D. Illinois · 2011
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