Dirt-for-Debt Buries Creditor with Risk and Uncertainty
By EsqSocial Corporation 07/02/14
In order to confirm a chapter 11 plan of reorganization, a debtor must satisfy all the provisions of §1129(a) of the Bankruptcy Code, except for §1129(a)(8). Section (a)(8) requires that each class of creditors either (i) accepts the proposed plan or...
By: Rogers Towers - Florida Banking Law