Perry Law, P.C. Blog
Click here to return to the Perry Law Blog main pageRejecting Chapter 11 Plans
Published On: October 14th, 2012 | Author: Perry Law, P.C. | Category: Bankruptcy Creditors' Rights
The 3rd Circuit recently held in In re Am. Capital Equip., LLC, 688 F.3d 145 (3d Cir. 2012) that a bankruptcy court has the authority to hold a Chapter 11 plan is unconfirmable at the disclosure statement stage (as opposed to holding a confirmation hearing) if the plan is patently unconfirmable. In the instant case, the plan was patently unconfirmable where the plan’s sole source of funding was from speculative litigation proceeds.
When faced with a difficult legal situation, you want to make certain you have the best representation and legal team in your corner. At Perry Law, our attorneys and support team are here to ensure you the most sound advice and legal counsel possible. Perry Law is a regional law firm with attorneys licensed in Arizona, Florida, Idaho, Oregon, and Washington. The firm represents over seventy years of combined legal experience.
Perry Law, P.C.
Physical Address: The Henry Rust Building 2627 W. Idaho Street Boise, Idaho 83702
Mailing Address: Po Box 637 Boise, Idaho 83701
Call Now: (208) 338-1001
Legal Disclaimer
The hiring of an attorney is an important decision and should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. Furthermore, the information on this website is not intended to be nor is it legal advise.