Legal Opinion
In Re Sierra-Cal
United States Bankruptcy Court, E.D. California
Decided June 27, 1997No. 19-20590PublishedCited by 22 opinions
1Opinion of the Court
OPINION
CHRISTOPHER M. KLEIN, Bankruptcy Judge:
The issue, which appears to be a question of first impression, is whether in plan confirmation proceedings the mandatory disallowance of certain claims pursuant to 11 U.S.C. § 502(d) should be imposed when calculating the hypothetical chapter 7 liquidation required by the “best interests” test.
This court concludes that § 502(d), which mandatorily disallows claims of creditors who received avoidable transfers or who owe the estate, does apply in the “best interests” test analysis under 11 U.S.C. § 1129(a)(7)(A)(ii). A plan of reorganization fails…
2Cases cited7 opinions
- Katchen v. LandySupreme Court of the United States · 1966
- In Re Best Products Co., Inc.United States Bankruptcy Court, S.D. New York · 1994
- In Re American Solar King Corp.United States Bankruptcy Court, W.D. Texas · 1988
- Bell Road Investment Co. v. M. Long Arabians (In Re M. Long Arabians)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1989
- Official Committee of Unsecured Creditors v. Michelson (In Re Michelson)United States Bankruptcy Court, E.D. California · 1992
2 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- In re W.R. Grace & Co.District Court, D. Delaware · 2012
- Alary Corp. v. Sims (In Re Associated Vintage Group, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2002
- In Re Affiliated Foods, Inc.United States Bankruptcy Court, W.D. Missouri · 2000
- In re City of DetroitUnited States Bankruptcy Court, E.D. Michigan · 2014
- Scharffenberger v. United Creditors Alliance Corp. (In Re Allegheny Health, Education & Research Foundation)United States Bankruptcy Court, W.D. Pennsylvania · 2003
17 more not listed; retrieve them via the Exa API.