Legal Opinion
In Re Jones
United States Bankruptcy Court, D. Utah
Decided September 16, 1983No. 16-25368PublishedCited by 24 opinions
1Opinion of the Court
MEMORANDUM OPINION
GLEN E. CLARK, Bankruptcy Judge.
The issue in this case is whether cure and compensation payments under 11 U.S.C. § 1124(2) may be made in deferred cash payments commencing after the effective date of a chapter 11 plan. The ruling is that they may not.
INTRODUCTION
Debtors’ chapter 11 plan places two allowed secured claims into separate classes, designated B-2 and B-3. The obligation underlying each claim is in default. The plan intends to cure the defaults and leave these two classes unimpaired by complying with Section 1124(2).
Section 1124(2) provides for curing defaults and…
2Cases cited17 opinions
- In Re Joseph C. Taddeo and Ellen A. Taddeo, Debtors. Elfriede Di Pierro v. Joseph C. Taddeo and Ellen A. Taddeo and Richard J. McCord Interim TrusteeCourt of Appeals for the Second Circuit · 1982
- In the Matter of Southern States Motor Inns, Inc., Debtor. United States of America v. Southern States Motor Inns, Inc.Court of Appeals for the Eleventh Circuit · 1983
- In Re Nite Lite InnsUnited States Bankruptcy Court, S.D. California · 1982
- In Re FisherUnited States Bankruptcy Court, D. Kansas · 1983
- Matter of Landmark at Plaza Park, Ltd.United States Bankruptcy Court, D. New Jersey · 1980
12 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Matter of Johns-Manville Corp.United States Bankruptcy Court, S.D. New York · 1986
- In Re American Solar King Corp.United States Bankruptcy Court, W.D. Texas · 1988
- In Re Loveridge MacH. & Tool Co., Inc.United States Bankruptcy Court, D. Utah · 1983
- In Re Resorts International, Inc.United States Bankruptcy Court, D. New Jersey · 1990
- Matter of US Truck Co., Inc.District Court, E.D. Michigan · 1985
19 more not listed; retrieve them via the Exa API.