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Bankruptcy

Bankruptcy – Chapter 11 Plan – Confirmation Denied – Creditor’s Objection – Absolute Priority Rule – New Value Offer – Third Party Injunctions (access required)

In re Gup’s Hill Plantation, LLC (Lawyers Weekly No. 003-002-17, 17 pp.) (David Duncan, C.J.) 15-04492; B.S.C. Holding: The debtor’s only current equity holder, Bettis Rainsford, has offered to contribute $25,000 to retain his equity interest in the debtor; however, ...

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