Wednesday, May 19, 2004

Bankruptcy

I love this quote from my bankruptcy book:

This is simply a requirement that creditors may not capture the entire value of a solvent debtor. Thus, this requirement is only as important as solvent debtors in bankruptcy are common.


Chuckle, chuckle. What a little gem! I've always thought § 1129(b)(2)(C) was amenable to sarcastic remarks.

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