Omega Navigation Enterprises, Inc.(fka ONAVQ)

[srm4u]

looks like its up to the senior lenders and im sure the courts will have something to say also

The Plan is subject to various conditions, including the acceptance of the Plan by Omega's Senior Lenders. While Omega remains in discussions with its Senior Lenders, there can be no assurance that the Senior Lenders will ultimately agree to accept the Plan. If they have not agreed to accept the Plan by the date of the Bankruptcy Court hearing on approval of the Disclosure Statement (September 4, 2012), Omega has reserved the right to withdraw the Plan and to pursue other options.