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Re: wilma6311 post# 69670

Thursday, 01/19/2017 9:39:30 AM

Thursday, January 19, 2017 9:39:30 AM

Post# of 82575
In the normal Chapter 11 timeline the Disclosure occurs before the Plan, so if they are following standard process the 25th will be the confirmation hearing, final hearing.

Docket 107 says both disclosure and plan while 109 is disclosure only, still follow this timeline below.

The Disclosure Statement and Disclosure Hearing

You must file a disclosure statement along with a proposed plan of reorganization and mail these documents to every party in interest, including all of your creditors. The disclosure statement explains how creditors may participate in the bankruptcy and provides information about how the creditor’s rights may be adversely affected.
There will be a hearing on the disclosure statement where parties in interest can object to the statement’s language. These disclosure statements are typically approved on a regular basis and the hearing is a formality.

The Proposed Plan of Reorganization

The plan of reorganization states how you propose to treat each of your creditors. The creditors are placed in classes according to whether they are a priority debt creditor, a secured debt creditor, or an unsecured debt creditor. If a creditor doesn't like how it's treated in your plan, you can file a motion asking the judge to force the creditor to accept the plan. If the judge does force the creditor to accept the plan, this is called a cramdown.

The Confirmation Hearing


At your confirmation hearing, you ask the judge to approve your plan of reorganization. Unless you have obtained votes of acceptance from each of your creditor classes, the judge will not approve your plan. At that point, you can file a motion for cram down of the non-accepting classes and the court will reschedule the confirmation hearing. If the creditor doesn't respond to a motion for cram down, it will be deemed to accept the plan. If the creditor does respond, you can negotiate with the creditor to try to get it to accept plan treatment. If you cannot agree, then the judge will decide at a hearing.



107 misc Hearing Mon 11:28 AM
Hearing to be held on 1/25/2017 at 11:00 AM in Courtroom 1402, Atlanta, (cws)
Related: [-] 105 Disclosure Statement filed by United Mobile Solutions, LLC,106 Chapter 11 Plan filed by United Mobile Solutions, LLC



109 Notice of Hearing on 25th day of January, 2017, at 11:00 oclock a.m., in Courtroom 1402, Richard B. Russell Federal Building, 75 Ted Turner Drive, SW, Atlanta, Georgia 30303. Filed by Cameron M. McCord on behalf of United Mobile Solutions, LLC. (McCord, Cameron) Modified on 12/19/2016 (cws)
Related: [-] 105 Disclosure Statement filed by United Mobile Solutions, LLC



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