In Czyzewski v. Jevic Holding, 580 U.S. __ (2017), decided on March 22, the U.S.
Structured Dismissals in Deviation of the Bankruptcy Code Priority Scheme
In a recent decision, the U.S. Supreme Court held that, without the consent of impaired creditors, a bankruptcy court cannot approve a "structured dismissal" that provides for distributions deviating from the ordinary priority scheme of the Bankruptcy Code. The ruling carries with it implications that may affect both pending and future bankruptcy proceedings.

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