In re Village at Camp Bowie I: Fifth Circuit Affirms Cramdown Plan Despite Artificial Impairment | Practical Law
The US Court of Appeals for the Fifth Circuit, in Western Real Estate Equities, L.L.C. v. Village at Camp Bowie I, L.P. (In re Village at Camp Bowie I, L.P.), affirmed a bankruptcy court order confirming a plan under which the debtor artificially impaired a class to cram down the plan on the objecting secured lender in a single-asset real estate case to satisfy section 1129(a)(10) of the Bankruptcy Code.