1994-02-15_GENERAL DOCUMENTS - C1981017 (2)

Home Browse Search

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO IN BANKRUPTCY In re: ) MID-CONTINENT RESOURCES, INC. ) Case No. 92 11658 PAC T.I.N. 36-1475193 ) (Chapter 11) Debtor. ) BALLOT FOR ACCEPTING OR REJECTING DEBTOR'S SECOND AMENDED PLAN OF LIQUIDATION AS REVISED TO FEBRUARY 1, 1994 The Plan referred to in this ballot can be confirmed by the Court and thereby made binding on you if it is accepted by the holders of two-thirds in amount voting and more than one-half in number of claims in each class and the holders of two-thirds in amount of equity security interests in each class voting on the Plan. In the event the requisite acceptances are not obtained, the Court may nevertheless confirm the Plan if the Court finds that the Plan accords fair and equitable treatment to the class or classes rejecting it and otherwise satisfies the requirements of 5 1129(b) of the Bankruptcy Code. To have your vote count, you must complete and return this ballot. See instructions on the reverse side. of $ The undersigned, a creditor of the above-named debtor in the unpaid principal amount [Check one Box] ❑ Accepts ❑ Rejects the Second Amended Plan of Liquidation as Revised to February 1, 1994, proposed by Mid-Continent Resources, Inc. Optional Elections [Check here] The undersigned holder of a Class 8 or 9 claim (in general, all claims in excess of $200) elects to be treated as a Class 7 Creditor. Note: By making this election, your allowed claim shall be reduced to $200 and you shall be paid the cash sum of $200 on the Effective Date of the Plan (approximately thirty days after Plan confirmation) . The Plan otherwise offers cash distributions equal to 5% of your allowed claim. Creditors whose allowed claims exceed $200 but are less than $4,000 will benefit by electing to be treated as Class 7 creditors. [Check here] The undersigned holder of a Class 9 claim (in general, all claims in excess of $10,000) elects to be treated as a Class 8 Creditor. Note: By making this election, your allowed claim shall be reduced to $10,000 and you shall be paid a cash dividend equal to 5% of $10,000 (the sum of $500), on the Effective Date of the Plan (approximately thirty days after Plan confirmation) . The Plan otherwise offers cash distributions of up to 5% of your allowed claim, to be paid over time from the liquidation of the Debtor's assets. Creditors making this election will receive a quicker and more certain payment, which may be less than the amount which otherwise would be paid to such creditors over time. Print or type name: signed: [if appropriate] By: Title: Address: Dated: SEE INSTRUCTIONS ON REVERSE SIDE