Sitting on the Sidelines in a Chapter 11 Case Sometimes Doesn’t Pay Off

February 5, 2024

Sitting on the Sidelines in a Chapter 11 Case Sometimes Doesn’t Pay Off

Knowledge of a chapter 11 case is enough to bind a creditor to the terms of a plan, even if the creditor hasn’t filed a claim, the Fifth Circuit says.

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Opinion Link

View Opinion

https://abi-opinions.s3.amazonaws.com/German+Pellets.pdf

Case Details

Case Citation

Raymond James & Associates Inc. v. Jalbert (In re German Pellets Louisiana LLC), 23-30040 (5th Cir. Jan. 30, 2024)

Case Name

Raymond James & Associates Inc. v. Jalbert (In re German Pellets Louisiana LLC)

Case Type

Business

Court

5th Circuit

Bankruptcy Tags

Plan Confirmation

Business Reorganization

Investment Banking

Comments

Submitted by bankruptcylawye... on February 5, 2024 - 10:03

Conflicts with, "...nuisance and trespass claims of property owners who had actual notice of Chapter 11 debtors' bankruptcy but who did not receive mandatory notice of claims bar date were not discharged upon confirmation of Chapter 11 plan." In re Spring Valley Farms, Inc., 863 F.2d 832 (11th Cir. 1989)