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.
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.
By
Erica M. Ryland And Mark G. DouglasThis premium content is locked for The Bankruptcy Strategist subscribers only
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