ROCKVILLE, MD-Two years after declaring Chapter 11 bankruptcy, Maryland District Court Judge Duncan W. Keir calls CRIIMI MAE Inc.’s plan of reorganization “fair and reasonable.” He says their recently submitted plan meets all confirmation standards required by the bankruptcy code provided that a confirmation order is approved and entered by the judge. The company is submitting a proposed confirmation order for the judge’s review and approval by Nov. 17.

Judge Keir says he will hold a hearing Wednesday, Nov. 22 if he has any questions about the proposed order. Otherwise, he says he will sign the order confirming CRIIMI MAE’s reorganization plan.

To resolve objections to confirmation filed recently by Merrill Lynch Mortgage Capital Inc. and German American Capital Corp., the confirmation order includes a provision for the plan to become effective no later than March 15, 2001 unless the parties and the court agree to extend the date or the court extends that date.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.