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.

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