You are here

Sanitary & Improvement Dist. No. 7, Ch. 9, BK85-39 (May 3, 1989)

Reported at 98 B.R. 970. Plan confirmation was denied because the plan was not in the best interest of creditors. The holders of newly issued bonds under the plan must receive full payment of principal and interest before warrantholders can be paid.

Wednesday, May 3, 1989
Judge Timothy J. Mahoney (Retired)