The Lessors and Creditors

[1ab]

Who are the lessors and the creditors who will vote on this business blan before the bk court.
Does anyone know the answer

 

[delldude]

someone told me they number around 144,000...saw in PGH tribune review.

 

[diogenes]

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.

 

[luv2fly]

How is it that this plan can be put up for a vote when the pension issue is unresolved?

 

[delldude]

doesn't matter anyway