Chapter 11 Cramdown
Jan 01, 2014OUTCOME: Case Confirmed
Court enforced an informal settlement agreement and denied creditor right to vote on Chapter 11 Plan
Northbrook, IL
Litigation Lawyer at Northbrook, IL
Practice Areas: Litigation, Chapter 13 Bankruptcy ... +2 more
OUTCOME: Case Confirmed
Court enforced an informal settlement agreement and denied creditor right to vote on Chapter 11 Plan
OUTCOME: Dismissal Vacated and Confirmation hearing set
My client filed her Chapter 13 petition subsequent to the last day the real estate taxes could be redeemed under state law, but prior to the Tax Deed being issued. The Bankruptcy Court dismissed the ... case saying she could not pay the taxes through her Chapter 13 plan. The Debtor has appealed the dismissal. Just before entry of the Court's decision, the Tax Purchaser has decided with withdraw their defense.