New York Bankruptcy Court: “Defensive” Setoff Rights of Creditor that Did Not File Proof of Claim Cannot Be Extinguished Under Chapter 11 Plan

… the FDIC in a California district court (the ” …
The Bankruptcy Court’;s Ruling
The bankruptcy court sustained the FDIC … rights.
The bankruptcy court ruled that that the FDIC … ] confirmation.” According to Judge Glenn, those rights were expressly …