Nebraska Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A is a legal filing that pertains to bankruptcy cases under Chapter 12 of the United States Bankruptcy Code in the state of Nebraska. This order sets the specific timeframe within which parties involved in the bankruptcy case may object to any proposed modifications to a confirmed Chapter 12 plan. Key Keywords: 1. Nebraska: Refers to the state in which the bankruptcy case is being filed and the corresponding laws and regulations applicable to the jurisdiction. 2. Order Fixing Time: This refers to a judicial order that establishes a precise timeline or deadline for purposes of filing objections or taking action in response to a proposed modification. 3. Object to Proposed Modification: Parties involved in the bankruptcy case have the opportunity to raise their objections in writing against any proposed changes made to the already confirmed Chapter 12 plan. This ensures transparency and allows for fair consideration of different perspectives. 4. Confirmed Chapter 12 Plan: This pertains to the bankruptcy plan that has been approved by the court and is already in effect. Proposed modifications might be submitted to change certain aspects of this plan, and the order establishes the timeframe for objections. 5. B 231A: This numerical identifier likely refers to a specific form or document associated with the Nebraska bankruptcy court. It may contain the details that parties need to use when filing objections or adhering to the established timeline. Different types of Nebraska Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A can exist, primarily when there are multiple cases filed in Nebraska's bankruptcy courts. Each case would have its own unique filing number or designation, such as B 231A, to differentiate it from others. In summary, the Nebraska Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan — B 231A is an order issued by the court to determine the specific time period in which parties involved in a Nebraska Chapter 12 bankruptcy case can object to any proposed modifications concerning an already confirmed bankruptcy plan. This order ensures that all parties are given a fair opportunity to voice their concerns and opinions regarding potential changes to the existing plan.
Nebraska Order Fixing Time to Object to Proposed Modification of Confirmed Chapter 12 Plan - B 231A
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A cramdown is the imposition of a bankruptcy reorganization plan by a court despite any objections by certain classes of creditors. A cramdown is often utilized as a part of the Chapter 13 bankruptcy filing and involves the debtor changing the terms of a contract with a creditor with the help of the court.
The cram down effect provides that the court may approve a rehabilitation plan over the opposition of creditors, holding a majority of the total liabilities of the debtor if, in its judgment, the rehabilitation of the debtor is feasible and the opposition of the creditors is manifestly unreasonable. (
"Cram down" simply means the process by which the bankruptcy court can, as part of the confirmation of a Chapter 12 Bankruptcy Plan, force treatment upon an objecting creditor, provided the Plan otherwise meets all of the other confirmation criteria under Section 1225 of the Bankruptcy Code.
Meaning of cram something down in English to eat a lot of something quickly: I just had time to cram down a few biscuits before we left. Eating.
Crammed down refers to an investor or creditor being forced to accept undesirable terms. Crammed down is mainly used to describe either a dilutive venture capital (VC) financing round or the imposition of a bankruptcy reorganization plan by the court.
An objection to the confirmation of the amended plan must be filed no later than fourteen (14) days from the date the amended plan is filed or seven (7) days before the date set for the first confirmation hearing, whichever is earlier, and shall be made by motion setting forth the facts and legal arguments that give ...