Ultra Petro Corp v. Ad Hoc Com

How courts have described this case

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

• noting that the solvent-debtor exception has existed for “some three centuries of bankruptcy law”
• “[A]brogation of a prior bankruptcy practice generally requires an ‘unmistakably clear’ statement on the part of Congress; any ambiguity will be construed in favor of prior practice.”
• “For some three centuries of bankruptcy law, courts have held that an equitable exception to the usual rules applies in the unusual case of a solvent debtor.”
• “[T]he traditional solvent-debtor exception compels payment of the Make-Whole Amount[.]”
• “[T]he traditional solvent-debtor exception compels payment of the Make-Whole Amount[.]”
• emphasizing “economic reality” over “dictionary definitions or formalistic labels”

Source: CourtListener parenthetical corpus (CC0).