Chapter 11 Plan Provision for Liquidating Trustee Upheld
Abstract
In a recent Chapter 11 bankruptcy case, a partnership debtor attempted to circumvent a negotiated liquidation in case of a potential plan default but was defeated by established bankruptcy and federal tax provisions. One can imagine that the creditors were placated by the Chapter 11 plan liquidation provision, and the court refused to allow the debtor to use legal maneuvers to pull the negotiated “rug” out from under the creditors.
How to Cite:
Achenbach, R. P., (2019) “Chapter 11 Plan Provision for Liquidating Trustee Upheld”, Agricultural Law Digest 30(15), 113–114. doi: https://doi.org//aglawdigest.8096
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