No Need For Consummation Provision In Chapter 11 Plan, Bankruptcy Judge Says

(December 14, 2018, 3:49 PM EST) -- TACOMA, Wash. — A determination when a Chapter 11 plan of reorganization is substantially consummated is a question of fact to be made based on a U.S. Bankruptcy Code provision, so an asbestos debtor’s inclusion of a predetermined consummation date in its plan is not appropriate, a Washington federal bankruptcy held Dec. 4 in sustaining objections from insurers (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy., 2018 Bankr. LEXIS 3804)....