· 5/12/1994
In the Matter of Woodbrook Associates, Debtor-Appellant
Citations
- 19 F.3d 312
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 3.8% contribution is not substantial
- finding that debtor’s inclusion of “saving” provision in plan, which provision took effect upon court’s rejection of proposed cash payment to debtor by debtor’s equity holders, indicated that proposed cash payment was not necessary
- “Bankruptcy courts are given a great deal of discretion to say when enough is enough.”
- right to make § 1111(b) election requires separate classification of deficien cy when debtor is a single-asset partnership
- rule against artificial classification difficult to apply since it is about the debtor's purpose
- $100,000 contribution not substantial 21 because it is only 3.8% of $2.6 million unsecured debt
Source: CourtListener parenthetical corpus (CC0).
Judges: Posner, Cummings, Zagel
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.