Sentences with phrase «creditors vote on the plan»
Upon the filing, the debtor's creditors must stop their collection activity while the creditors vote on the plan.
http://www.bankruptcy-alternatives-information.com/ Not exact matches
The Meeting Order authorizes the Target Canada Entities to call, hold and conduct a meeting of the Affected Creditors (the «Creditor's Meeting») to consider and vote on a resolution to approve the Plan.
A crucial vote looms on Friday in the long - running saga of Detroit's bankruptcy, as a clutch of creditors decide whether to approve a restructuring plan that would cut the cash - strapped city's $ 18 billion of debt.
FriendFinder have won an appeal to let their creditors vote on a restructuring plan, which would see them exit bankruptcy hearings.