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Opinions – 7/2/12: 4th U.S. Circuit Court of Appeals

Bankruptcy Law Absolute priority rule BOTTOM LINE: As matter of first impression, the absolute priority rule continues to apply to individual debtors in possession proceeding under Chapter 11 following the 2005 amendments to the Bankruptcy Code, codified by the Bankruptcy Abuse Prevention and Consumer Protection Act. CASE: In re Maharaj, No. 11-1747 (decided June 14, 2012) (Judges Duncan, ...