Delaware Bankruptcy Court Declines to Designate Votes of Parties

07/09/2013

In In re Indianapolis Downs, LLC, the Bankruptcy Court for the District of Delaware provided direction on what constitutes an acceptable "post-petition lock-up agreement" and joined a majority of decisions that have narrowly construed the prohibition in the Bankruptcy Code against post-petition solicitation of a vote for a plan prior to circulation of a court-approved disclosure statement. This article discusses the case.

Excerpted from the Journal of Bankruptcy Law.  To read the full article, click here.

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