Absent this unanimous vote, the plan may still be confirmed under the cramdown provisions of the Bankruptcy Code (11 U.S.C. As 1129(b)). ... The ability of a distressed debt investor to utilize a blocking position within an impaired class to control a vote on a proposed Chapter 11 ... As a result, it sought Chapter 11 protection in May 2009, and shortly thereafter, DISH Network Corporation, a large investor inanbsp;...
|Author||:||H. Kent Baker, Greg Filbeck|
|Publisher||:||John Wiley & Sons - 2013-03-06|