Legal Opinion
Norwest Bank Worthington v. Ahlers
Supreme Court of the United States
Decided March 7, 1988No. 86-958PublishedCited by 999 opinions
1Opinion of the CourtJustice White
In this case, the Court of Appeals found that respondents’ promise of future “labor, experience, and expertise” permitted confirmation of their Chapter 11 reorganization plan over the objections of their creditors, even though the plan violated the “absolute priority rule” of the Bankruptcy Code. Because we find this conclusion at odds with the Code and our cases, we reverse.
I — I
Respondents operate a failing family farm in Nobles County, Minnesota. Between 1965 and 1984 they obtained loans from petitioners, securing the loans with their farmland, machinery, crops, livestock, and farm…
2Cases cited16 opinions
- Lorillard v. PonsSupreme Court of the United States · 1978
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Securities & Exchange Commission v. United States Realty & Improvement Co.Supreme Court of the United States · 1940
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Louisville Trust Co. v. Louisville, New Albany & Chicago Railway Co.Supreme Court of the United States · 1899
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3Cited by999 opinions
- Law v. SiegelSupreme Court of the United States · 2014
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
- In Re: Combustion Engineering, Inc. First State Insurance Company Hartford Accident and Indemnity CompanyCourt of Appeals for the First Circuit · 2004
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Czyzewski v. Jevic Holding Corp.Supreme Court of the United States · 2017
994 more not listed; retrieve them via the Exa API.