In an issue of first impression for the jurisdiction, the Bankruptcy Court for the Norther...

Illinois Bankruptcy Court: Preliminary Distributions Lock Subchapter V Plan – JD Supra

In an issue of first impression for the jurisdiction, the Bankruptcy Court for the Northern District of Illinois has ruled that a subchapter V debtor “substantially consummated” its plan by paying less than $1,500 in distributions to creditors and,…

 

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