Bankruptcy Court Denies Unsecured Creditor of Seda France Postpetition Legal Fees Arising under Prepetition Contract | Practical Law

Bankruptcy Court Denies Unsecured Creditor of Seda France Postpetition Legal Fees Arising under Prepetition Contract | Practical Law

An update on the US Bankruptcy Court for the Western District of Texas' decision in the bankruptcy proceeding of Seda France, Inc., holding that an unsecured creditor was not entitled to postpetition legal fees arising under a prepetition contract with Seda, even though Seda's confirmed Chapter 11 plan paid all unsecured creditors in full.

Bankruptcy Court Denies Unsecured Creditor of Seda France Postpetition Legal Fees Arising under Prepetition Contract

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 29 Jul 2011USA (National/Federal)
An update on the US Bankruptcy Court for the Western District of Texas' decision in the bankruptcy proceeding of Seda France, Inc., holding that an unsecured creditor was not entitled to postpetition legal fees arising under a prepetition contract with Seda, even though Seda's confirmed Chapter 11 plan paid all unsecured creditors in full.