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No Error in Denial of Nondebtor Releases (access required)

In this appeal by debtor National Heritage Foundation, the Alexandria U.S. District Court upholds the bankruptcy court’s decision that certain nondebtor release provisions of debtor’s fourth amended plan of reorganization were not warranted and should be severed from the reorganization plan. On appeal, debtor National Heritage Foundation Inc. raises three issues: whether, on remand the bankruptcy ...

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