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Re: AZCowboy post# 418378

Friday, 03/27/2015 3:57:30 PM

Friday, March 27, 2015 3:57:30 PM

Post# of 749756
AZ, I am not going to answer that point by point, but let's just say that I absolutely disagree. There was no cramdown. Absolute priority was varied because the classes negatively affected by the variance agreed to it. And that is a permisible outcome under the code.

Edited to add: it never ceases to amaze me how many folks embrace your analysis for no other reason than it supports the viewpoint that the variance was agreed to because there is a large payout coming.

I can hear you typing furiously all the way over here......




Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
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