United States Ninth Circuit
In re Sunnyslope Hous. Ltd. P'ship, 12-17241
In a bankruptcy action, arising after debtor's publicly-financed affordable housing project collapsed, the bankruptcy court's confirmation of the chapter 11 reorganization plan is reversed where the value of creditor First Southern National Bank's secured interest in real property should not be reduced by the impact of the affordable housing restrictions after the debtor has exercised the 'cram down' option under 11 U.S.C. section 1325(a)(5)(B).
Appellate Information
- Published 2016/04/08
Judges
- CLIFTON
Court
- United States Ninth Circuit