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11 U.S.C. § 1129(b)(2)(B)

11 U.S.C. § 1129(b)(2)(B)

Definition

A provision of the Bankruptcy Code that authorizes confirmation of a Chapter 11 reorganization plan where, with respect to unsecured creditors, either they receive property equivalent to the value of their claims or no holder of a junior claim or interest receives or retains property on account of such status, subject to an exception involving an individual debtor.

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