Opinion analysis: Justices slam the door on appeals of bankruptcy plan denials

In Bullard v. Hyde Park Savings Bank yesterday, the Court unanimously rebuffed efforts to gain review of orders that deny confirmation of plans in a bankruptcy proceeding. Although the case arose in the context of a small consumer bankruptcy, it has stark repercussions for the Chapter 11 proceedings that reorganize the affairs of large firms.
To put the issue in context, Bullard’s bankruptcy involves a home worth considerably less than the mortgage that encumbers it. He proposed a so-called “hybrid” plan, under which he would make regular payments on his mortgage under the existing payment schedule until he had paid off the current value of the house; the bankruptcy proceeding would discharge the remainder of the mortgage debt (about $100,000). It is not clear whether the Bankruptcy Code permits that form of plan; creditors argue that if the

Original SCOTUS article

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