The Lessors and Creditors

1ab

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Aug 21, 2002
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Who are the lessors and the creditors who will vote on this business blan before the bk court.
Does anyone know the answer
 

diogenes

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Aug 22, 2002
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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.
 

delldude

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Oct 29, 2002
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doesn't matter anyway