Proper Due Diligence Required for Reorganization Plan Confirmation

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
Federal Court
2nd Circuit
United States Court of Appeals

Summary

The U.S Court of Appeals for the Second Circuit reviewed a district court's order to reinstate the automatic stay in a Chapter 11 bankruptcy proceeding. The court found that the debtor's reorganization plan did not have a reasonable possibility of succes ...

See Also

In re Pegasus Agency, Inc., Debtor

The U.S Court of Appeals for the Second Circuit reviewed a district court's order to reinstate the automatic stay in a Chapter 11 bankruptcy proceeding. The court found that the debtor's reorganization plan did not have a reasonable possibility of succes ...