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Reports of the Demise of 'Gifting' Chapter 11 Plans Are An Exaggeration

In Nuverra Environmental Solutions,, the U.S. District Court for the District of Delaware affirmed a bankruptcy court order confirming a non-consensual Chapter 11 plan that included "gifted" consideration from a senior secured creditor to fund unequal distributions to two separate classes of unsecured creditors.

22 minute read January 01, 2019 at 12:05 AM
By
Timothy W. Hoffmann and Mark G. Douglas
Reports of the Demise of 'Gifting' Chapter 11 Plans Are An Exaggeration

In Hargreaves v. Nuverra Environmental Solutions Inc. (In re Nuverra Environmental Solutions Inc.), 2018 WL 3991471 (D. Del.

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