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US Trustee Says Orchids Ch. 11 Settlement Defies Jevic

By Rose Krebs ( September 9, 2019, 8:05 PM EDT) -- The federal bankruptcy watchdog said Monday that a proposed settlement with unsecured creditors in Orchids Paper Products Co.'s Chapter 11 defies the 2017 U.S. Supreme Court's Jevic ruling by violating the absolute priority scheme of distributing assets under bankruptcy code without having necessary consent from all affected creditors....

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