Broadstripe Creditor Gets OK To Vote On Ch. 11 Plan
Law360, Wilmington (October 26, 2011, 8:33 PM EDT) -- A Delaware bankruptcy court on Wednesday approved Broadstripe LLC's disclosure statement, allowing the beleaguered cable operator to send its reorganization plan to creditors for a vote.
U.S. Bankruptcy Judge Christopher S. Sontchi signed off on the disclosures at a court hearing after the company added language resolving certain concerns of the U.S. Trustee over indemnification and exculpation provisions in the plan.
The company set a Dec. 8 hearing to consider confirmation of the bankruptcy plan.
"We're ready to get this show on the road after our extended stay here," Broadstripe attorney John Melko of Gardere Wynne Sewell LLP said at the...
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