Bankruptcy
Jun. 29, 2012
Absolute priority in individual Chapter 11 cases
Courts are divided on whether to apply the Absolute Priority Rule in individual Chapter 11 cases. By Richard J. Reynolds of Turner, Reynolds, Greco & O'hara
In 2005, Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act to changing certain areas of bankruptcy law which had been in effect since 1978. Most practitioners are aware that consumer debtors are required to pass a "means" test in order to file for Chapter 7 liquidation. That test came out of the BAPCPA. A wealthy Chapter 7 debtor whose debts are primarily business debts need not comply with the means tes...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In