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Bank of America v. 203 North LaSalle Partnership

Docket No.: 97-1418
Argued: November 2, 1998
Decided: May 3,1999

Topics:

Economic Activity, Bankruptcy, Bankruptcy, Bankruptcy Code, Bankruptcy Reform Act of 1978, Fifth Amendment, chapter 11, chapter 7

PartyNames: BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION v. 203 NORTH LASALLE STREET PARTNERSHIP
Petitioner: Bank of America
Respondent: 203 North LaSalle Partnership

Court Below: THE UNITED STATES COURT OF APPEALS FOR THE SEVENTH CIRCUIT
Citation: 126 F.3d 955
Lower Court Decision
Supreme Court Docket

Bank of America
v.
203 North LaSalle Partnership
526 U.S. 434 (1999)
Question:

May a debtor's prebankruptcy equity holders contribute new capital and receive ownership in a reorganized entity when the creditor objected to the reorganization plan?

Bank of America v. 203 North LaSalle Partnership
ORAL ARGUMENT

November 2, 1998

Holding: reversed and remanded
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