My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
ENFORCE29365
DRMS
>
Back File Migration
>
Enforcement
>
ENFORCE29365
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/24/2016 7:36:24 PM
Creation date
11/21/2007 12:14:46 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1984067
IBM Index Class Name
Enforcement
Doc Date
3/2/1988
Doc Name
AMENDED DISCLOSURE STATEMENT TO ACCOMPANY DEBTORS THIRD AMENDED PLAN OF REORGANIZATION
Violation No.
CV0000000
Media Type
D
Archive
No
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
rejection of executory contracts that are not discovered <br />prior to confirmation and allowance of claims for damages as <br />a result of rejection of any such contracts; resolution of <br />disputes arising under the Plan or confirmation order: <br />resolution of request for orders closing or reopening <br />Debtor's Chapter 11 case; and resolutions of requests for <br />orders directing any and all persons to execute documents as <br />are necessary to effect the terms of the Plan. <br />(i) Article IX - Conditions to Confirmation. <br />Article IX serves as a warning to interested parties that <br />Debtor's Plan provides a road map on how Debtor seeks to <br />reorganize. Any and all rights granted under the proposed <br />Plan and the implementation and consummation of the Plan are <br />subject to Bankruptcy Court confirmation. The Plan's <br />confirmation order must become a final order before the Plan <br />is implemented and the rights provided under it are effec- <br />tive. <br />(j) Article X - Discharge. The ultimate goal <br />of the Debtor is to eventually get out of bankruptcy. <br />Article X provides that on the effective date of the Plan, <br />all their existing claims against the Debtor shall be either <br />satisfied, discharged and released in full except for the <br />obligations and liabilities imposed by the Plan. Once the <br />Plan is confirmed, all holders of claims shall be forever <br />barred from asserting or setting off against the reorganized <br />Debtor, or its assets and/or property, any claim based upon <br />any act or omission or any transaction, or activity of any <br />kind that occurred prior to the confirmation date. Any <br />consideration or payments made provided under the Plan shall <br />be in complete satisfaction, discharge and release of any <br />and all existing claims of any nature whatsoever against the <br />Debtor, its assets or its property. <br />(k) Article XI - Miscellaneous. Article XI <br />provides two sections. The first section, Headings, <br />indicates that the headings used under the Plan are for <br />convenience and reference only and shall not limit or <br />otherwise effect the meaning thereof. The second section, <br />Reservation of Rights, aces as a warning to creditors and <br />interested parties similar to the warning provided in <br />Article IX. The Debtor is attempting to reorganize. The <br />Debtor hopes that by filing a Plan and moving for confirma- <br />tion of such, that it may be able to equitably deal with its <br />creditors. Although the Debtor believes the information in <br />the a Plan is accurate, such information has not be filed so <br />as to be deemed an admission against Debtor's interest. <br />Furthermore, by filing a Plan, the Debtor has not sought to <br />force creditors to waive their rights against Debtor until <br />the Plan is confirmed. Undoubtedly, if confirmation does <br />not occur, the Debtor could be greatly prejudiced by the <br />statements contained in the Plan. As a result, if confir- <br />
The URL can be used to link to this page
Your browser does not support the video tag.