IN RE: PEARL RESOURCES LLC, et al PEARL RESOURCES OPERATING CO. LLC, Debtors, 622 B.R. 236

Summary

HOLDINGS: [1]-Debtors' Plan provided more than an adequate history of debtors' business operations and therefore satisfied 11 U.S.C.S. § 1190(1)(A); [2]-The Plan provided for full and complete satisfaction of all allowed claims with interest, and thus its liquidation analysis satisfied § 1190(1)(B); [3]-Debtors' financial projections satisfied § 1190(1)(C) because they demonstrated that there was a reasonable likelihood that debtors would have projected disposable income for the period described in § 1191(c)(2) sufficient to pay all allowed claims in full, with interest; [4]-Debtors' jointly administered plan of reorganization for small business under subchapter V of Title 11 was confirmed pursuant to 11 U.S.C.S. § 1191(b) because, with respect to each impaired class that had not accepted the plan, the plan did not discriminate unfairly and it was fair and equitable.