Capmark Creditors Cleared To Vote On Ch. 11 Plan

Law360, Wilmington (July 6, 2011, 5:49 PM EDT) -- A Delaware bankruptcy judge gave his blessing on Wednesday to the disclosure statement explaining Capmark Financial Group Inc.’s reorganization plan, allowing the commercial mortgage lender to put the plan to creditors for a vote.

U.S. Bankruptcy Judge Christopher S. Sontchi overruled the lone unresolved objection to the disclosure statement — from Prairie Enterprises Ltd. — saying the landlord had requested information beyond what the document is meant to provide.

The disclosure statement “is meant to summarize a plan, not to serve as some sort of index...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.