Court Approves Debtor’s ‘Feasible, But Tight’ Plan With 6% Interest Rate

Business Valuation UpdateVol. 19 No. 8
Legal and Court Case Update
August 2013
7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
bankruptcy
bankruptcy, chapter 11, bankruptcy code, cramdown, till formula

In Re: LMR, LLC
2013 Bankr. LEXIS 2127
May 24, 2013
US
Federal Court
Texas
United States Bankruptcy Court
None (debtor); Byron Hinton (creditor)
Mott

Summary

In Chapter 11 proceeding, Bankruptcy Court approves debtor hotel owner’s reorganization plan over objection of creditor that holds both secured and unsecured claims; applying the “Till formula approach,” the court decides the plan’s proposed 6% “cramdown”

See Also

In Re: LMR, LLC

In Chapter 11 proceeding, Bankruptcy Court approves debtor hotel owner’s reorganization plan over objection of creditor that holds both secured and unsecured claims; applying the “Till formula approach,” the court decides the plan’s proposed 6% “cramdown”