Involuntary Pre-Negotiated Out-of- Involuntary Liquidation by Petition for Suspension of
Rehab Rehab Plan by Court/Informal Liquidation by Insolvent Debtor Payments by Insolvent Proceedings by Insolvent Debtor Rehab Plan Creditors Debtor Creditors or Jointly w/ Creditors 1M aggregate Creds holding 2/3s 67% obligations Debts amounted Debts exceeding 500k Creds holding claims amounting claims or @ least of the total liabilities of secured to at least 500k to at least 3/5 of the liabilities 25% Subscribed of the debtor, creditors Assets insufficient to shall be necessary for holding a Capital Stock cover liabilities meeting. Secured creditors 75% oblis of Demandable holding more than unsecured creds The creditors and individual payments not 50% of the total debtor shall discuss the made within 60 secured claims of 85% of total propositions in the proposed days the debtor liabilities agreement and put them to a vote Unsecured creditors holding more than To form a majority, it is 50% of the total necessary-- unsecured claims of the debtor. 2/3s of the creditors voting unite upon the same proposition; and
Claims represented by said
majority vote amount to at least 3/5s of the total liabilities of the debtor mentioned in the petition
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