No More Absolute Priority Rule in Individual Chapter 11s Says Split BAP

The Friedman Opinion regarding whether or not the absolute priority rule still applies in individual chapter 11 cases was published today.  You can access it here – Friedman decision.   I’ll have more comments in a little while.  I sure think they got this one right.  Judge Scott Clarkson wrote the majority opinion, Judge Meredith Jury dissented.

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