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Tag Archives: Bankruptcy Abuse Prevention and Consumer Protection Act

‘Absolute priority’ survived bankruptcy reform

The latest reform of the Bankruptcy Code did not eliminate the long-standing rule protecting dissenting creditors when there’s a “cram down” under the Chapter 11 plan of an individual debtor in possession, the 4th Circuit has ruled in affirming judgment.

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Bankruptcy filings fall for first time since abuse act of 2005

WASHINGTON – The number of bankruptcy cases filed in fiscal 2011, the 12-month period that ended in September, dropped 8 percent over the year before – the first decline since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ...

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