Inside The Bankruptcy Plan Voting Process

Law360, New York (August 21, 2013, 1:40 PM EDT) -- After a disclosure statement is approved by the court, the plan proponent distributes the plan and disclosure statement to all creditors and equity holders of the debtor.

Along with the plan and disclosure statement, the proponent will include the appropriate ballot for each voting class. Those classes that are not entitled to vote may receive, in lieu of a ballot, a notice explaining why they are not being sent a ballot.

Pursuant to Section 1126(a), any holder of an allowed claim or interest that is impaired...
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