Largest creditor holds up debtor's reorganization plan a year after filing

Business Valuation UpdateVol. 2 No. 10
Legal and Court Case Update
October 1996
3552 Textile Machinery
333249 Other Industrial Machinery Manufacturing
bankruptcy
bankruptcy, reorganization

In re Dawes
199 B.R. 867, 1996 Bankr. LEXIS 1080
August 28, 1996
US
Federal Court
Pennsylvania
United States Bankruptcy Court
Sigmund

Summary

Debtor is in a conflict with its largest creditor over confirmation of a plan of reorganization a year after filing. The Court states: "While we are not prepared to conclude t ...

See Also

In re Dawes

At issue is the valuation of the equity holder's interest in the debtor's company.