Marc Skapof

Seventh Circuit Reaffirms Absolute-Priority Rule in In re Castleton Plaza, LP

Can an equity investor who directs an insider to contribute "new value" to a debtor under a plan of reorganization, so as to retain his interest in the company, avoid an express market test for that new equity? The answer to...more

2/25/2013 - Absolute Priority Rule Chapter 11 Competitive Bidding Debtors Equity Investors In re Castleton Plaza New Value Plans Reorganizations Unsecured Creditors