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  "documentTitle": "General Growth Properties (GGWPQ)",
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  "notes": "The slide uses a direct quote from the Congressional Record to establish a legal precedent for creditor recovery limits.",
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      "text": "A “fair and equitable” plan only entitles creditors to recover 100% of the amount of their claims. When a debtor’s asset value exceeds the amount of its liabilities, equity holders are entitled to the residual value",
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      "text": "Although many of the factors interpreting 'fair and equitable' are specified in paragraph (2), others... were omitted... to avoid statutory complexity... a dissenting class should be assured that no senior class receives more than 100 percent of its claims.",
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      "text": "“Although many of the factors interpreting ‘fair and equitable’ are specified in paragraph (2), others, which were explicated in the description of section 1129(b) in the House report, were omitted from the House amendment to avoid statutory complexity and because they would undoubtedly be found by a court to be fundamental to “fair and equitable” treatment of a dissenting class. For example, a dissenting class should be assured that no senior class receives more than 100 percent of the amount of its claims.” — Congressional Record – House Regarding the Bankruptcy Reform Act of 1978, H.R. 7330, 95th Cong., 1st Sess. 201, September 28, 1978",
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      "text": "Bankruptcy 101 (Cont'd)",
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