Creditor Voting Representation
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Publication date: 05.08.2025
Recently, our team was asked a question: “I’m in Las Vegas and hold a large unsecured claim. How can I vote on a debtor’s reorganization plan?”
We wanna share the answer from our specialists:
29.07.2025 15:02:24 In a bankruptcy case, if you hold a large unsecured claim against a debtor who is undergoing reorganization, you have the right to vote on the debtor’s reorganization plan. Here’s how you can participate in the voting process: 1. **Receive the Disclosure Statement and Plan**: You should receive a disclosure statement and a copy of the proposed reorganization plan from the debtor. The disclosure statement contains important information about the plan, including how it will affect your claim. 2. **Review the Documents**: Carefully review both the disclosure statement and the reorganization plan. Consider consulting with an attorney or financial advisor to fully understand how your claim will be treated under the plan. 3. **Ballot for Voting**: Along with these documents, you should receive a ballot that allows you to vote on whether you accept or reject the plan. The ballot will include instructions on how to complete and submit it. 4. **Deadline for Voting**: Pay attention to any deadlines specified for submitting your vote. Ballots must be submitted by this deadline to be counted. 5. **Submit Your Vote**: Follow the instructions provided with your ballot to submit your vote properly. This may involve mailing it back or submitting it electronically if allowed. 6. **Plan Confirmation Hearing**: After votes are collected, there will be a confirmation hearing where the court considers whether to approve (confirm) the reorganization plan based on various factors, including creditor support. 7. **Monitor Case Developments**: Stay informed about developments in the case by checking court filings or attending hearings if possible. If you're unsure about any part of this process or need assistance, it's advisable to consult with an attorney experienced in bankruptcy law who can provide guidance specific to your situation and ensure that your rights are protected throughout this process.
29.07.2025 15:25:24 You’ll receive a disclosure statement and ballot from the debtor or court-appointed agent. Review the plan, then vote by submitting your ballot before the court-set deadline. Only allowed claims can vote.
29.07.2025 15:31:02 To vote, your claim must be filed and approved. Ballots are sent with the reorganization plan and must be returned on time. Your vote helps decide if the plan is accepted by the creditor class.
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