InvestorsHub Logo
Followers 18
Posts 1050
Boards Moderated 0
Alias Born 04/21/2009

Re: iPrelude post# 1718

Monday, 02/04/2019 11:05:58 AM

Monday, February 04, 2019 11:05:58 AM

Post# of 2601
the following Plan was NOT approved by the bankruptcy Court, it will have to be negociated with the creditors... :

CHAPTER 11 PLAN OF REORGANIZATIONFOR FIRST NBC BANK HOLDING COMPANY


3.2Classification of Claims and Equity InterestsThe following chart assigns a number and nameto each class against the Debtorfor purposes of identifying each separate class:ClassClaim or Equity Interest

1 Priority NQDCClaims
2General Unsecured Claims
3Equity Interests(Common Stock)
4Series D Preferred Equity Interests
5Series E Preferred Equity Interests





ARTICLE IV.IDENTIFICATION OF IMPAIRED CLASSES OF CLAIMS AND EQUITY INTERESTS

4.1Unimpaired Classes of Claims and Equity Interests.

The following Classes are not impaired under the Plan: (a)Class 1–Priority NQDCClaims, Class 3-Equity Interests(Common Stock), Class 4 –Series D Preferred Equity Interests, and Class 5 –Series E Preferred Equity Interests.4.2Impaired Classes of Claims and Equity Interests.The following Class isimpaired under the Plan: (a)Class 2–General Unsecured Claims.

https://www.docketbird.com/court-documents/First-NBC-Bank-Holding-Company/Chapter-11-Plan-of-Reorganization-for-First-NBC-Bank-Holding-Company-Filed-by-First-NBC-Bank-Holding-Company-RE-related-document-s-a-class-internal-cross-reference-link-href-1-1-a-Voluntary-Petition-Chapter-11-filed-by-Debtor-First-NBC-Bank-Holding-C/laeb-2:2017-bk-11213-00357

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.