Justia Bankruptcy Opinion Summaries
Articles Posted in U.S. 11th Circuit Court of Appeals
IRT Partners, L.P. v. Winn-Dixie Stores, Inc.
Appellants appealed the district court's order affirming the bankruptcy court's decision to sustain the debtor's, Winn-Dixie Stores, Inc. ("Winn-Dixie"), objections to appellants' attempt to amend their claims post-confirmation of Winn-Dixie's reorganization plan after it filed for Chapter 11 proceedings. At issue was whether the doctrine of res judicata barred appellants' amended claims where the reorganization plan language explicitly set forth that acceptance of the new common stock constituted full satisfaction of a claim. The court affirmed the judgment and held that it could not find any compelling reason that would support amendment of appellants' claims which have been barred by the res judicata effect of Winn-Dixie's confirmed plan.
Posted in:
Bankruptcy, U.S. 11th Circuit Court of Appeals