 | Richard F. Broude - Business & Economics - 2023 - 1314 pages
...was added to the Bankruptcy Act, it required that a plan of reorganization be 'fair and equitable and not discriminate unfairly in favor of any class of creditors or stockholders.' In Case v. Los Angeles Lumber Products Co. the Supreme Court held that this language was a legislative... | |
 | United States - 1932 - 436 pages
...(which may be different from any which has been proposed) that will, in its opinion be equitable, will not discriminate unfairly in favor of any class of creditors or stockholders, will be financially advisable, will meet with the requirements of subdivision (g) of this section,... | |
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... the judge shall approve the plan if satisfied that: (1) It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders... 
