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Home / Opinion Digests / Bankruptcy / Bankruptcy – ‘Absolute Priority’ Rule – BAPCPA – First Impression – Chapter 11 – Debtors in Possession (access required)

Bankruptcy – ‘Absolute Priority’ Rule – BAPCPA – First Impression – Chapter 11 – Debtors in Possession (access required)

Maharaj v. Stubbs & Perdue PA In this first-impression decision for federal appellate courts, the 4th Circuit says the “absolute priority rule” still applies to individual debtors in possession proceeding under chapter 11, after the 2005 amendments to the bankruptcy code.

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