Legal Opinion
In Re MJ Metal Products, Inc.
United States Bankruptcy Court, D. Wyoming
Decided January 29, 2003No. 15-20542PublishedCited by 2 opinions
1Opinion of the Court
ORDER ON CONFIRMATION OF CHAPTER 11 PLAN
PETER J. MCNIFF, Bankruptcy Judge.
This case came before the court for hearing January 13, 2003 on confirmation of the debtor’s proposed Amended Plan of Reorganization. An objection was brought by Alicia Hickson, an equity security holder in the debtor. An objection filed by a secured creditor, Mayflower Capital Company, was resolved by stipulation with the debtor prior to the hearing.
The court concludes the plan cannot be confirmed because it violates the absolute priority rule, codified in 11 U.S.C. § 1129(b)(2)(B). The facts relevant to this…
2Cases cited4 opinions
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
- In Re New Midland Plaza AssociatesUnited States Bankruptcy Court, S.D. Florida. · 2000
- In Re BoltonUnited States Bankruptcy Court, D. Vermont · 1995
- Mj Metal Products, Inc. v. National Labor Relations Board, National Labor Relations Board v. Mj Metal Products, Inc.Court of Appeals for the Tenth Circuit · 2001
3Cited by2 opinions
- In Re Tci 2 Holdings, LLCUnited States Bankruptcy Court, D. New Jersey · 2010
- In re Vaughan Co.United States Bankruptcy Court, D. New Mexico · 2015