Photo of David L. Bury Jr.

Mr. Bury is a Partner with Stone & Baxter, LLP in Macon, Georgia. His experience includes litigating business disputes in state and federal courts; representing debtors, creditors, and other interested parties in out-of-court workouts and bankruptcy cases; and advising businesses and their owners on general and transactional matters.

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece).We’ve switched over to Section F of the Report regarding “Plan Voting and Confirmation Issues.” Subsection 2, the focus of this post, addresses “Assignment of Voting Rights.”

Background

It’s not

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In our prior ABI Commission post, we covered the Commission’s recommendations regarding “Exculpatory Clauses” in plans. In this post, we’ll cover the Commission’s recommendations regarding “Third-Party Releases” in 

On Monday, the U.S. Supreme Court affirmed the First Circuit Court of Appeals in Bullard v. Blue Hills Bank and, in the process, likely resolved a Circuit split on an important bankruptcy confirmation issue: Is an order denying confirmation of a bankruptcy plan “final” and, thus, immediately appealable? Siding with the majority view, Chief Justice

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we’ll cover the Commission’s recommendations regarding “Exculpatory Clauses” in Section E.2 of the Report.

Chapter 11 plans typically contain exculpatory clauses and/or third-party releases. Essentially,

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we’ll cover the Commission’s recommendations regarding “Default Plan Treatment Provisions” in Section E.1 of the Report.

The Commission addresses 2 common plan provisions: (i) those that

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we’ll cover the Commission’s recommendations regarding post-confirmation entities and claims trading.

The Commission addresses post-confirmation entities and claims trading in the context of disclosure. As a

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we’ll cover the Commission’s recommendations regarding “class-skipping” and “intra-class discriminating” distributions.

Overview of Plan “Gifting” Provisions

As we have discussed in other posts, the Bankruptcy

This is the next post in Plan Proponent’s series on the confirmation-related recommendations in the ABI Commission Report (and, in particular, its Exiting the Case piece). In this post, we’ll cover the Commission’s recommendations regarding Section 1129(b)(2)(A) and “cramdown” interest rates.

Background on Cramdown Rates and Till

At least for plans proposing deferred cash payments