Court Allows Subrogated Avondale Senior Creditor to Exercise Junior Creditor's Bankruptcy Voting Rights | Practical Law

Court Allows Subrogated Avondale Senior Creditor to Exercise Junior Creditor's Bankruptcy Voting Rights | Practical Law

An update on a decision from the US District Court for the District of Arizona holding that a senior creditor could vote on behalf of a junior creditor on a debtor's plan of reorganization under a subrogation clause in a subordination and intercreditor agreement.

Court Allows Subrogated Avondale Senior Creditor to Exercise Junior Creditor's Bankruptcy Voting Rights

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 18 Apr 2011USA (National/Federal)
An update on a decision from the US District Court for the District of Arizona holding that a senior creditor could vote on behalf of a junior creditor on a debtor's plan of reorganization under a subrogation clause in a subordination and intercreditor agreement.