4. Class(es) of Interest Holders
Interest holders are the parties who hold ownership interest (i.e., equity interest) in the Debtor.
If the Debtor is a corporation, entities holding preferred or common stock in the Debtor are interest
holders. If the Debtor is a partnership, the interest holders include both general and limited partners.
If the Debtor is an individual, the Debtor is the interest holder. The following chart identifies the Plan’s
treatment of the class of interest holders:
1. Delmar Janovec - 80% ownership of preferred stock
= Yes All old equity/membership interests
shall be extinguished and receive no
distribution or value.
2. Fractional Shareholders - This class also includes all shareholders listed in the Debtor’s Schedule F.
= Yes All old equity/membership interests
shall be extinguished and receive no
distribution or value.
3. Douglas J. Horton - Proof of Claim No. 2 as a secured
claim. Motion to be filed to modify claim to equity holder.
= Yes All old equity/membership interests
shall be extinguished and receive no
distribution or value.
