Legal Opinion
In Re 4 C Solutions, Inc.
United States Bankruptcy Court, C.D. Illinois
Decided December 11, 2003No. 19-70289PublishedCited by 7 opinions
1Opinion of the Court
OPINION
THOMAS L. PERKINS, Bankruptcy Judge.
Before the Court is the issue of confirmation of the Chapter 11 Plan of Reorganization filed by the Debtor, 4 C Solutions, Inc. (“DEBTOR”), and the objection to confirmation by Bank Austria Creditan-stalt Corporate Finance, Inc. (“BANK AUSTRIA”). The Court agrees with BANK AUSTRIA that the plan violates the absolute priority rule and may not be confirmed.
FACTS
The DEBTOR is an Illinois corporation. One hundred percent (100%) of the DEBTOR’S common stock is owned by a holding company, 4 C Solutions Holdings, Inc. (“4CS HOLDINGS”), which conducts no…
2Cases cited13 opinions
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Pennsylvania Department of Public Welfare v. DavenportSupreme Court of the United States · 1990
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
8 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- In Re DraimanUnited States Bankruptcy Court, N.D. Illinois · 2011
- In Re Sentinel Management Group, Inc.United States Bankruptcy Court, N.D. Illinois · 2008
- In Re Multiut Corp.United States Bankruptcy Court, N.D. Illinois · 2011
- In Re Introgen Therapeutics, Inc.United States Bankruptcy Court, W.D. Texas · 2010
- In Re Mayslake Village-Plainfield Campus, Inc.United States Bankruptcy Court, N.D. Illinois · 2010
2 more not listed; retrieve them via the Exa API.