CoreStates Bank, N.A. v. United Chemical Technologies, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a plan permitting retention of liens on some but not all collateral could not proceed under subsection (i) and remanding for consideration of whether the plan provided the indubitable equivalent under subsection (iii)
• holding that a plan permitting retention of liens on some but not all collateral could not proceed under subsection (i) and remanding for consideration of whether the plan provided the indubitable equivalent under subsection (iii)
• overruling an objection to the feasibility of a reorganization plan, even when objecting party put forth its own contrary witnesses testimony
• overruling an objection to the feasibility of a reorganization plan, even when objecting party put forth its own contrary witnesses testimony
• crediting the testimony of a financial analyst specifically hired by the debtor to assist in the preparation of financial statements for reorganization, as well as the testimony of the debtor’s own Chief Financial Officer regarding the corporation’s financial projections
• leaving open the possibility of confirmation under clause (iii) even though clause (i) requirements were not met in a plan that did not call for the sale of collateral, but instead provided for a combination of reduced collateral and partial immediate payment

Source: CourtListener parenthetical corpus (CC0).