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New Cases For the Week of April 13, 2009 - April 17, 2009
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| April 16, 2009 |
Case |
Court |
Holding |
In re Ingersoll, Inc.
(DBN Subscription Required) |
7th Cir. |
11 USC 105 authorizes a bankruptcy judge to confirm a plan providing for the release of the claims of a non-creditor against a non-debtor third party. This power is limited to unusual situations where the release is essential to the operation of the plan, and requires fair and adequate notice to the person whose claims are being released. |
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