BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #16
Are you sure about that?If the impaired classes do not each get the 2/3 + majority votes, then the plan will not pass muster. Unless of course, they try 1129B)(1).
In the US case there were (and are in DL's case) classes of unsecured creditors that will get nothing, nada, zero. They are presumed to vote against the plan - i.e. 100% of the creditors in each of those classes is automatically considered a "No" vote. Yet the US plan passed and I presume that the same could be true of the DL plan.
Jim