Breitburn Energy Partners LP fka BBEPQ

[PinkBu]

Conclusion:
Docket# 1691 Disclosure Statement:
https://cases.primeclerk.com/breitburn/Home DocketInfo?DockRelatedSearchValue=1691

Under the absolute priority rule, no junior creditor would receive any distributions until all senior creditors are paid in full, and no equity holder would receive any distribution until all creditors are paid in full.

As summarized in the below analysis, the Debtors have determined that upon the Effective Date the Plan will provide all creditors and equity security holders with a recovery (if any) that is not less than what they would otherwise receive pursuant to a liquidation of the Debtors under chapter 7 of the Bankruptcy Code, and therefore believe that the Plan satisfies the requirement of section 1129(a)(7) of the Bankruptcy Code.

The Liquidation Analysis projects that Class 11 (Existing BBEP Equity Interests) Claims will receive no recovery pursuant to the Liquidation Distribution.