Examples of Amended Reorganization Plan in a sentence
The Debtors filed with the Court (i) the Reorganization Plan (which was filed jointly by the Reorganizing Debtors and the Heber Debtors) and the Liquidation Plan on September 8, 2003, (ii) the First Amended Heber Reorganization Plan on September 24, 2003, and (iii) the First Amended Reorganization Plan, the Second Amended Heber Reorganization Plan and the First Amended Liquidation Plan on September 28, 2003.
On October 24, 1995, Krystal filed an Amended Reorganization Plan and an Amended Disclosure Statement.
However, as quoted above, the Amended Reorganization Plan and Amended Disclosure Statement merely referenced Krystal’s position that the dealer agreements were part of the bankruptcy estate and the ongoing state proceedings wherein Krystal was attempting to undo GM’s termination of them.The Bankruptcy Court found that Krystal limited the reference to the instant claim in order to conceal the claims from creditors in the hope of retaining any recovery for itself.
Seek, support or fail to actively and in good faith contest the entry of any Order superseding, amending, supplementing, vacating, staying, reversing, revoking or otherwise modifying the Confirmation Order or the Amended Reorganization Plan, to the extent that the effect of such Order would cause an Event of Default.
Make any material change in its equity capital structure as in existence on the Petition Date except pursuant to the Amended Reorganization Plan.
CONCLUSION For the foregoing reasons, the Bankruptcy Court’s confirmation of Sagamore’s Amended Reorganization Plan and denial of default-rate interest is AFFIRMED and the Bankruptcy Court’s denial of attorney’s fees and costs to JPMCC is VACATED and REMANDED for reconsideration in light of the Court’s holding.
Accordingly, the New Warrants distribution to the Equity Interest Holders under the Fourth Amended Reorganization Plan violates 11 U.S.C. § 1129(b)(2)(B)(ii).
Furthermore, Microbilt’s Fourth Amended Reorganization Plan (“Plan”) was confirmed on November 30, 2012 and provides that the allowed claims of all creditors are to be paid in full; however, Microbilt omitted the MWPC POC in the escrowed payments under the Plan.
On or about September 12, 2000, the Debtor filed its Disclosure Statement With Respect to Second Amended Reorganization Plan of American Banknote Corporation with this Court.
Given that JPMCC is an oversecured creditor and Sagamore is contemplating sale of the secured property in order to pay back JPMCC’s loan, the Bankruptcy Court correctly concluded that Sagamore’s Amended Reorganization Plan has a “reasonable expectation of success” and is not likely to lead to Sagamore’s further liquidation or reorganization.