Tag Archives: bankruptcy reform

‘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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ABA files brief in ‘debt relief agency’ case

The American Bar Association has filed an amicus brief before the U.S. Supreme Court, arguing that the bankruptcy reform law that restricts advice given to debtors by “debt relief agencies” should not apply to attorneys.

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