Yes. He read it..and then the document was given a number and then filed with the court record.
There is a "pecking order" in bankruptcy that must be followed...its known as absolute priority. Think of it as a totem pole. Creditors and their rights/considerations are on the top of the pole...while Equity-holders rights/considerations are on the bottom.
By US Bankruptcy Law the Judges first, and most important consideration, is to the Creditors and their rights.
The Debtor has exclusivity rights meaning no other plans can be put forth while those exclusive rights exist.
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