File Bankruptcy Lawyer Cortland New York
File Chapter 7 Bankruptcy Lawyer Cortland New York Keith Dayton Attorney at Law - Cortland NY. Bankruptcy, DWI Defense, Criminal Lawyer, Landlord Tenant, Debtor, Creditor, Cortland New York. Keith Dayton Law Office Cortland file chapter 11
Keith Dayton Attorney at Law City of Cortland Bankruptcy Lawyer Cortland I need bankruptcy help in Cortland
Should I File Chapter 7 or 11
Get Bankruptcy help in Cortland New York

ACCEPTANCE OF THE PLAN OF REORGANIZATION     (Page 109)

Under section 1126(c) of the Bankruptcy Code, an entire class of claims is deemed to accept a plan if the plan is accepted by creditors that hold at least two-thirds in amount and more than one-half in number of the allowed claims in the class. Under section 1129(a)(10), if there are impaired classes of claims, the court cannot confirm a plan unless it has been accepted by at least one class of non-insiders who hold impaired claims (i.e., claims that are not going to be paid completely or in which some legal, equitable, or contractual right is altered). Moreover, under section 1126(f), holders of unimpaired claims are deemed to have accepted the plan.

Under section 1127(a) of the Bankruptcy Code, the plan proponent may modify the plan at any time before confirmation, but the plan as modified must meet all the requirements of chapter 11. When there is a proposed modification after balloting has been conducted, and the court finds after a hearing that the proposed modification does not adversely affect the treatment of any creditor who has not accepted the modification in writing, the modification is deemed to have been accepted by all creditors who previously accepted the plan. Fed. R. Bankr. P. 3019. If it is determined that the proposed modification does have an adverse effect on the claims of non-consenting creditors, then another balloting must take place.

 << BACK     NEXT >>


File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY File Bankruptcy Cortland NY

Put Experience, Professionalism, Compassion and Diligence on YOUR Side

  

"The leading rule for the lawyer, as for the man of every other calling, is diligence.
Leave nothing for tomorrow which can be done today."   - Abraham Lincoln



File Bankruptcy Cortland NY

 

HOMEBANKRUPTCY HOME  |  CONTACT

 

4 Lincoln Ave Suite 205, Cortland NY 13045

     
Copyright 2002-2008 All Rights Reserved.   CDayton Marketing Consultants