Replies to post #11792 on TerreStar Corporation (fka TSTRQ)

[yesmistermorningstar]

Bankruptcy Code section 1129(b) provides that if a chapter 11 plan satisfies all applicable requirements of section 1129(a) other than section 1129(a)(8)’s requirement that all impaired classes accept the plan, the plan may be confirmed so long as it does not discriminate unfairly and it is fair and equitable with respect to each class of claims and interests that is impaired and has not accepted the plan.

Now here is the big question will or will he not order a cram down ?

[yesmistermorningstar]

Just re-read the ballot it looks like Van Vlissingen and Co. rejected the POR 100% of class 4f.

[ilenes]

I suspect he'll attempt a cram down, yes.