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IN RE CIPPARONE

Bankruptcy No. 93-43158.

175 B.R. 643 (1994)

In re Michael CIPPARONE and Gayle Cipparone, Debtors.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

December 13, 1994.

Attorney(s) appearing for the Case

Karen Rowse-Oberle, Gold & Lange, Southfield, MI, for debtors.

Sam Serra, Serra & Isopi, P.C., Warren, MI, for creditor.

SUPPLEMENTAL OPINION REGARDING NEW VALUE EXCEPTION TO THE ABSOLUTE PRIORITY RULE

STEVEN W. RHODES, Bankruptcy Judge.

In In re U.S. Truck Co., Inc., 800 F.2d 581 (6th Cir.1986), the Court held that the stockholders of a corporate debtor can, consistent with the requirement of 11 U.S.C. § 1129(b)(2)(B)(ii),1 retain their shareholder interest by making a contribution to the reorganized...

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