Costa Verda News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Costa verda. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Costa Verda Today - Breaking & Trending Today

DIP Financing Agreement Initially Rejected as Sub Rosa Chapter 11 Plan | Jones Day


To embed, copy and paste the code into your website or blog:
Postpetition financing provided by pre-bankruptcy shareholders or other insiders is not uncommon in chapter 11 cases as a way to fund a plan of reorganization and allow old shareholders to retain an ownership interest in the reorganized entity. The practice is typically sanctioned by bankruptcy courts under an exception the new value exception to the absolute priority rule, which prohibits shareholders and junior creditors from receiving any distribution under a plan on account of their interests or claims unless senior creditors are paid in full or agree otherwise.
Such a proposed financing arrangement was the subject of a ruling recently handed down by the U.S. Bankruptcy Court for the Southern District of New York. In ....

United States , New York , Verde Aeronautica , Delta Air Lines Inc , Citicorp Venture Capital Ltd , Hotels Resorts Inc , Papercraft Corp , Braniff Airways Inc , Lafayette Hotel , Marketxt Holdings Corp , Softbank Am Corp , Iridium Operating , Motorola Inc , La Dodgers , Drug Stores Inc , Us Bankruptcy Court , Creditors Holdings Unsecured Claims , Belk Props , Real Estate Ltd , Qatar Airways Investments Uk Ltd , Airlines Grp , Miami Metalsi Inc , Airlines Group , Knighthead Capital Management , Bankruptcy Court Ruling , Southern District ,