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.

16 minute read November 26, 2010 at 08:41 AM
By
Erica M. Ryland And Mark G. Douglas
Texas Rangers: A Big Changeup on Impairment?

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 since the Bankruptcy Code was enacted in 1978.

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