Mealey's Bankruptcy - Absolute-Priority Rule Applies In Chapter 11 Cases, 6th Circuit Says

CINCINNATI - A panel of the Sixth Circuit U.S. Court of Appeals on May 13 reversed a ruling and held that the absolute-priority rule applies to individual debtors in Chapter 11 proceedings (Ice House America v. Charles Cardin, No. 13-5764, Chapter 11, 6th Cir.; 2014 U.S. App. LEXIS 8882).

Access this news story on lexis.com®