The concept of “impairment” of a claim under a Chapter 11 plan for the purpose of determining whether the claimant has the right to vote on the plan has evolved
Texas Rangers: A Big Changeup on Impairment?
The concept of "impairment" under a Chapter 11 plan has evolved since the Bankruptcy Code was enacted. A noteworthy step in that development was part of a ruling by the bankruptcy court overseeing the whirlwind Chapter 11 case of Major League Baseball's Texas Rangers.
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