National City Bank v. Troutman Enterprises, Inc. (In Re Troutman Enterprises, Inc.)

How courts have described this case

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

• discussing the effect of Code § 1141 and the fact that a state law breach of contract claim may be brought for a default under a confirmed chapter' 11 plan
• permitting holders of claims dealt with by confirmed chapter 11 plan of corporate debtor in first case to file, after first case was converted to chapter 7 — in which debtor could not obtain a discharge, an involuntary petition against the debtor
• confirmation discharged creditors' pre-confirmation debt and replaced it with their Plan Claims
• confirmation discharged creditors’ pre-confirmation debt and replaced it with their Plan Claims
• “The plan is essentially a new and binding contract between the Reorganized Debtor and the Petitioning Creditors.... If a reorganized debtor defaults under a plan, creditors have several options, including enforcing the plan terms in any court of competent jurisdiction.”

Source: CourtListener parenthetical corpus (CC0).