US Bankruptcy Court establishes guidelines for “new value” plans of reorganization in competing plan scenarios | DLA Piper: Judge Mastando found that the debtors’ plan could not meet the new value exception, particularly in the face of a competing confirmable creditor plan that provided a greater and more certain recovery to creditors
Vroom Announces Equity-for-Debt Recapitalization | Vroom, Inc.: Vroom, Inc. intends to voluntarily file a prepackaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas
