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Editing Bankruptcy
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Latest revision | Your text | ||
Line 1,520: | Line 1,520: | ||
i. No parties “junior” to the objecting class gets a distribution | i. No parties “junior” to the objecting class gets a distribution | ||
ii. ***Note*** | ii. ***Note*** à New Value Exception (some courts) | ||
1. Exception to Absolute Priority Rule | 1. Exception to Absolute Priority Rule | ||
Line 1,571: | Line 1,571: | ||
|Debtor has broad, but not absolute right | |Debtor has broad, but not absolute right | ||
|By debtor or another party for cause | |By debtor or another party for cause | ||
|- | |- | ||
|Duration | |Duration |