In re Rosewood at Providence (10-50418)

The Court confirmed a Chapter 11 plan over the objection of a secured creditor. The creditor was a participant in a syndicated loan agreement, which had designated an agent to vote on the plan on behalf of all lenders who were party to the agreement. The agent voted for the plan. Thus, the objecting creditor had agreed to the plan and its treatment under the plan through its agent.

Tuesday, December 27, 2011