United States Fourth Circuit

In a question of first impression in the circuit courts of appeal, the bankruptcy court's order denying plan confirmation is affirmed, where in light of the 2005 amendments to the Bankruptcy Code, 11 U.S.C. section 101 et seq., codified by the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), Pub. L. No. 109-8, 119 Stat. 23 (2005), the absolute priority rule continues to apply to individual debtors in possession proceeding under Chapter 11.

Appellate Information

• Decided 06/14/2012
• Published 06/14/2012

Judges

• AGEE

Court

• United States Fourth Circuit

Counsel