This form is a ballot for accepting or rejecting a plan. The creditors of the debtor may use this form to either accept or reject the reorganization plan. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.
New York Ballot for Accepting or Rejecting Plan of Reorganization - Form 14 - Pre and Post 2005 Act
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FAQ
After a creditor or equity security holder casts its vote to accept or reject a chapter 11 plan, the vote can be changed or withdrawn "for cause shown" in ance with Rule 3018(a) of the Federal Rules of Bankruptcy Procedure ("Rule 3018(a)").
The reorganization plan, if approved by the court, acts as a contract between the debtor and its creditors.
The Bankruptcy Code (a) The holder of a claim or interest allowed under §502 of this title may accept or reject a plan. If the United States is a creditor or equity security holder, the Secretary of the Treasury may accept or reject the plan on behalf of the United States...
An equity security holder may vote on the plan of reorganization and may file a proof of interest, rather than a proof of claim. A proof of interest is deemed filed for any interest that appears in the debtor's schedules, unless it is scheduled as disputed, contingent, or unliquidated. 11 U.S.C. § 1111.
Also known as plan. A comprehensive document prepared by a debtor or another party in interest detailing how the debtor will continue to operate or liquidate, and how it plans to pay the claims of its creditors over a fixed period of time.
The plan, along with a court-approved disclosure statement, is distributed to creditors for voting. The bankruptcy court and creditors must approve the plan before it can become effective and be executed.