Does Chapter 11 written (email) treatment agreement have the force of
Posted: Wed Oct 16, 2013 2:05 pm
Listmates,
Chapter 11 preconfirmation. Two real properties. Treatment terms emailed
to creditor counsel. Each creditor counsel responds in writing, "My client
accepts your terms. I will prepare the stipulation. Let me know anything
I can do to help you confirm." Two month later there is still no
stipulation. Instead each counsel writes to me asking for a different
deal, a better deal.
Does the email exchange have the force of stipulation that can be approved
by the judge as an order? Please cite cases if any come to mind.
Thanks,
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
Listmates,Chapter 11 preconfirmation. Each creditor counsel responds in writing, "My client accepts your terms. I will prepare the stipulation. Let me know anything I can do to help you confirm." Two month later there is still no stipulation. deal.
Does the email exchange have the force of stipulation that can be approved by the judge as an order? Please cite cases if any come to mind.Thanks,
-- Alik SegalAlik.Segal@gmail.com310-362-6157California Central District
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