The Advent Of Electronic Balloting In Ch. 11

Law360, New York (May 22, 2014, 10:07 AM EDT) -- Solicitation — the voting and tabulation of ballots that determines the fate of the debtor’s plan of reorganization — can prove to be one of the most significant milestones in a Chapter 11 case. Traditionally, the corporate restructuring process has relied upon paper-laden methods to drive this process forward. Yet, forward-thinking professionals and technology-minded claims agents are forging new territory by using court-approved electronic balloting procedures for the first time ever.

Marking a significant leap forward in the Chapter 11 solicitation process, the U.S. Bankruptcy Court...
To view the full article, register now.