No. 22-908

TLA Claimholders Group v. LATAM Airlines Group S.A., et al.

Lower Court: Second Circuit
Docketed: 2023-03-17
Status: Denied
Type: Paid
Experienced Counsel
Tags: bankruptcy-code chapter-11 creditor-rights equity-holders impaired-claims impairment post-petition-interest unimpaired-claims
Key Terms:
Securities
Latest Conference: 2023-06-08
Question Presented (from Petition)

May a Chapter 11 plan classify a creditor's claim as unimpaired without paying any interest owed under the creditor's contract that accrues during the bankruptcy, even while returning surplus value to the debtor's equity-holders.

Question Presented (AI Summary)

May a Chapter 11 plan classify a creditor's claim as unimpaired without paying any interest owed under the creditor's contract that accrues during the bankruptcy, even while returning surplus value to the debtor's equity-holders?

Docket Entries

2023-06-12
Petition DENIED.
2023-05-23
DISTRIBUTED for Conference of 6/8/2023.
2023-05-23
2023-05-08
Brief of respondents LATAM Airlines Group S.A., et al. in opposition filed.
2023-04-11
Motion to extend the time to file a response is granted and the time is extended to and including May 8, 2023, for all respondents.
2023-04-10
Motion to extend the time to file a response from April 17, 2023 to May 8, 2023, submitted to The Clerk.
2023-03-14

Attorneys

LATAM Airlines Group S.A., et al.
David Hunter HerringtonCleary, Gottlieb, Steen, et al, Respondent
TLA Claimholders Group
Matthew Dempsey McGillGibson, Dunn & Crutcher LLP, Petitioner