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Absolute priority ruling follows 4th Circuit’s lead (access required)

Posted: 8:02 pm Mon, January 21, 2013
By Lawyers USA
Kimberly Atkins

The 2005 amendments to the Bankruptcy Code did not exempt individual Chapter 11 debtors from the application of the absolute priority rule, the 10th U.S. Circuit Court of Appeals has ruled in reversing judgment.

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