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Email On May 4, 2015, a unanimous United States Supreme Court in Bullard v. Blue Hills, 135 S. Ct. 1686 (2015), resolved a long-standing circuit court split by holding that a bankruptcy court’s order denying confirmation of a debtor’s proposed bankruptcy plan is not a “final” order that can be immediately appealed as a matter of right. Although arising in the chapter 13 context, the Court’s holding also likely applies in chapter 11 and amounts to a major win for creditors, who gain important leverage during plan negotiations with debtors now left with fewer options following denial of confirmation. https://www.cadwalader.com/resources/clients-friends-memos/supreme-court-holds-that-orders-denying-plan-confirmation-are-not-final-for-appellate-purposes