In Re Albrechts Ohio Inns, Inc.

How courts have described this case

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

• instructing that the “origins of the absolute priority rule lay in the desire to frustrate collusive arrangements between secured creditors and equity holders at the expense of unsecured creditors”
• held that shareholders’ proposed contribution was not necessary where such proposed contribution was not essential to the operation of debtor’s postconfirmation business
• “It perverts the wholesome economic objective of Chapter ll[as] an instrument for the rehabilitation of troubled businesses [to] nakedly ... allow the remaking of a bilateral contract by one of the parties thereto.”

Source: CourtListener parenthetical corpus (CC0).