Who are the lessors and the creditors who will vote on this business blan before the bk court.
Does anyone know the answer
Does anyone know the answer
The Lessors and Creditors
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delldude
Veteran
As I understand this deal, the vote is sort of a two part thing.
1. the creditors vote their exposure to the company, i.e. the money. for this to pass, the folks with the most money to lose have a bigger vote than those with less to lose. this is why U wants the big creditors onboard.
2. 1 man, 1 vote. all creditors vote to accept/reject the reorg plan, and at least half must approve for the plan to go forward.
1. the creditors vote their exposure to the company, i.e. the money. for this to pass, the folks with the most money to lose have a bigger vote than those with less to lose. this is why U wants the big creditors onboard.
2. 1 man, 1 vote. all creditors vote to accept/reject the reorg plan, and at least half must approve for the plan to go forward.
luv2fly
Veteran
