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Bar assesses Supreme Court’s nixing of structured dismissal

Ch. 11 settlement deviated from creditor priority rules in case involving truckers

Bankruptcy attorneys see the U.S. Supreme Court’s recent decision rejecting a “structured dismissal” in a trucking company’s Chapter 11 case as potentially having a greater impact than the narrow holding might suggest. In Czyzewski v. Jevic Holding Corp., a Delaware bankruptcy judge approved a proposed structured dismissal that would have violated the Bankruptcy Code’s priority rules ...

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