Delaware Bankruptcy Court Declines to Designate Votes of Parties


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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