1. Home
  2. Browse Decisions
  3. B.R.
  4. 141 B.R.
  5. 141 B.R. 878 (1992)
 

IN RE HARMAN

Bankruptcy No. 91-15053S.

141 B.R. 878 (1992)

In re Robert B. HARMAN, Leanna J. Harman a/k/a Leanna J. Hohannes, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

July 2, 1992.

Attorney(s) appearing for the Case

Michael Temin, Liza B. Leidner, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, Pa., for debtor.

Richard E. Lubarsky, and Howard B. Lebi, Kornstein Veisz & Wexler, New York City, for creditors' committee.

John F. Gehring, Becket & Watkins, Malvern, Pa., for Chemical Bank, Manufacturers Hanover Bank and CoreStates Bank of Delaware.

Leo F. Doyle, Jr., Doyle, Whelan & Doyle, Upper Darby, Pa., for CoreStates Bank.

Marcy N. Hart, Klehr, Harrison, Harvey, Branzburg & Ellers, Cherry Hill, N.J., for Fidelity Bank.

Ben Burke Howell, Reed Smith Shaw & McClay, Philadelphia, Pa., for Pitcairn Private Bank.

Pauline K. Morgan, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for Citibank, N.A.

William T. Freyvogel, McLean, Va., for Continental Federal Sav. Bank.

C. Paul Scheuritzel, Toll, Ebby, Langer & Marvin, Philadelphia, Pa., for Morgan Guar. Trust Co. of N.Y.

Natalie Ramsey, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for Palmer Nat. Bank.

Gary A. Rosen, Hangley Connolly Epstein, Chicco Foxman & Ewing, Philadelphia, Pa., for McKinsey & Co.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, Pa., U.S. Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

The issue presented in the instant individual joint Chapter 11 case is whether and in what circumstances consumer debtors can "cram down" confirmation of a plan rejected by unsecured creditors pursuant to 11 U.S.C. §§ 1129(b)(1), (b)(2)(B). We conclude that consumer debtors can utilize the "new value exception" to overcome the "absolute priority rule" in only a narrow set of circumstances...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases