DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
156001P.pdf 08/13/2015 Heritage Bank v. Suzette Woodward
U.S. Court of Appeals Case No: 15-6001
U.S. Bankruptcy Court for the District of Nebraska - Lincoln
[PUBLISHED] [Schermer, Author, with Federman, Chief Judge, and Shodeen,
Bankruptcy Judge]
Bankruptcy Appellate Panel. Denial of the confirmation of the debtor's
Third Amended Plan is not a final order and cannot be the subject of this
appeal; the order confirming the debtor's Fifth Amended Chapter 11 Plan is
appealable, and the bankruptcy court erred in confirming the Plan; as the
holders of an allowed claim and sole members of the impaired class, the
Elliot creditors' ratifying vote satisfied Sec. 1129(a)(10); the absolute
priority rule still applies in individual Chapter 11 cases to prevent
debtors from retaining prepetition property, and the bankruptcy court's
confirmation order violated it. Remanded for a new confirmation hearing.