Lehman Brothers Financial SA (LEHNQ)

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IN RE: ACME HOLDING COMPANY, INC.

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ORDER AND OPINION CONVERTING CASE TO CHAPTER 7

Doc#: 172 Filed: 07/23/15

Setting an example

Judge denied the confirmation due to failure of 1129(a) absolute priority rule.The debtors can't cram down the claims and secure some thing to equity.Retaining interests for commons and tweaking it in the plan nothing is there for class 10 to 12, unless.....
They should satisfy all the allowed claims before distribute any thing to equity.

I agree with you.
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Sorry my ignorance, what is OBS?