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Judge Riblet and the Absolute Priority Rule
Thank you for that. I will add her to my tally of judges who follow *
Friedman*. Frankly, I just assumed she did because I've seen her confirm
other individual 11s which do not pay 100% to unsecureds and I have a case
in front of her that assumes *Friedman *is good law and I already got the
disclosure statement approved.
On Wed, Jul 10, 2013 at 3:35 PM, John D. Faucher
wrote:
> **
>
>
> Hello listers, particularly chapter 11 folk:
> At hearing today, Judge Riblet stated that she believes herself bound by
> the Friedman decision, and thus will confirm chapter 11 plans for
> individuals that violate the Absolute Priority Rule. She also stated that
> she did not like the decision, and that she hoped a creditor would appeal
> this issue so the circuit could have the correct law on the books.
>
> John D. Faucher
> Faucher & Associates
> *818/889-8080*
>
>
>
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Thank you for that. I will add her to my tally of judges who follow Friedman. Frankly, I just assumed she did because I've seen her confirm other individual 11s which do not pay 100% to unsecureds and I have a case in front of her that assumes Friedman is good law and I already got the disclosure statement approved.
On Wed, Jul 10, 2013 at 3:35 PM, John D. Faucher <j.d.faucher@sbcglobal.net> wrote:
Hello listers, particularly chapter 11 folk:
The post was migrated from Yahoo.
Hello listers, particularly chapter 11 folk:
At hearing today, Judge Riblet stated that she believes herself bound by
the Friedman decision, and thus will confirm chapter 11 plans for
individuals that violate the Absolute Priority Rule. She also stated that
she did not like the decision, and that she hoped a creditor would appeal
this issue so the circuit could have the correct law on the books.
John D. Faucher
Faucher & Associates
*818/889-8080*
Hello listers, particularly chapter 11 folk:
At hearing today, Judge Riblet stated that she believes herself bound by the Friedman decision, and thus will confirm chapter 11 plans for individuals that violate the Absolute Priority Rule. She also stated that she did not like the decision, and that she hoped a creditor would appeal this issue so the circuit could have the correct law on the books.
John D. FaucherFaucher & Associates
818/889-8080
The post was migrated from Yahoo.