Eleventh Circuit Stops Plan Confirmation Stampede

In a recent ruling, the Eleventh Circuit upended a hastily confirmed reorganization plan. Its holding should stop the stampede known as the "confirmation express."

8 minute read February 01, 2023 at 12:07 AM

Michael L. Cook

Eleventh Circuit Stops Plan Confirmation Stampede

"When a modification to a Chapter 11 reorganization plan materially and adversely affects the treatment of a class of claim or interest holders, those claim or interest holders are entitled to a new disclosure statement and another opportunity to vote."

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