The Court held that under In re JKJ Chevrolet, 26 F.3d 481 (4th Cir. 1994), if the funds remaining in a bankruptcy estate are insufficient to satisfy all of the claims of a particular class, the funds are to be divided among the claimants of the class on a pro rata basis.
Judge:
Date:
Friday, October 17, 2008
Category:
Classification of Claims
Priority Claim
Chapter:
11