United States: "Straight" Dismissal Of Chapter 11 Case Did Not Violate Jevic's Prohibition Of "Structured Dismissals" That Do Not Conform With Bankruptcy Code's Priority Scheme - Jones Day

In Czyzewski v. Jevic Holding Corp., 137 S. Ct. 973 (2017), the U.S. Supreme Court held that the Bankruptcy Code does not allow bankruptcy courts to approve distributions to creditors in a "structured dismissal"...