Attorneys Kevin Blakley and Greg Gnepper recently prevailed in a disputed bankruptcy matter. Confirmation of a proposed Chapter 11 Plan of Reorganization was contested. Our client was a financial institution with a large claim secured by real property. If confirmed, the Plan would have forced our client to reduce its claim by the value of collateral—even though the client preferred not to foreclose. After an evidentiary hearing and full briefing, the court rejected the Plan as not being “fair and equitable.”
For the opinion, please see: opinion
