Legal Opinion

In Re Graphic Communications, Inc.

United States Bankruptcy Court, E.D. Michigan

Decided September 4, 1996No. 19-42917PublishedCited by 6 opinions

1Opinion of the Court

AMENDED SUPPLEMENTAL OPINION REGARDING CONFIRMATION

STEVEN W. RHODES, Chief Judge.

The debtor seeks confirmation of its plan of reorganization. One creditor, Midwest Graphics, Inc., has objected to confirmation on the grounds that the plan unfairly discriminates against Midwest and violates the absolute priority rule. 1 This opinion supplements a decision given on the record in open court.

I

Midwest holds an unsecured, non-priority claim of approximately $68,900 against the debtor arising out of two business loans made in 1980. In the late 1970s, Midwest and the debtor contemplated forming a…

2Cases cited11 opinions

  1. In Re U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986
  2. Frito-Lay, Inc. v. LTV Steel Co. (In re Chateaugay Corp.)Court of Appeals for the Second Circuit · 1993
  3. Heartland Federal Savings & Loan Ass'n v. Briscoe Enterprises, Ltd., IICourt of Appeals for the Fifth Circuit · 1993
  4. In Re Sovereign Group 1985-27, Ltd.District Court, E.D. Pennsylvania · 1992
  5. Olympia & York Florida Equity Corp. v. Bank of New York (In re Holywell Corp.)Court of Appeals for the Eleventh Circuit · 1990

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3Cited by6 opinions

  1. In re City of DetroitUnited States Bankruptcy Court, E.D. Michigan · 2014
  2. In Re Crosscreek Apartments, Ltd.United States Bankruptcy Court, E.D. Tennessee · 1997
  3. In Re Dow Corning Corp.United States Bankruptcy Court, E.D. Michigan · 1999
  4. In Re SunCruz Casinos, LLCUnited States Bankruptcy Court, S.D. Florida. · 2003
  5. In re Lightsquared Inc.United States Bankruptcy Court, S.D. New York · 2014

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