The Bankruptcy of Golfers' Warehouse, Inc.
The Bankruptcy of Golfers' Warehouse, Inc.
The Bankruptcy of Golfers' Warehouse, Inc.
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VOTE: APPROVAL OF CREDITORS<br />
• Need only class 1 to accept the plan<br />
• §1126(c): Class 1 accepts if accepting<br />
creditors:<br />
– hold 2/3rds total value <strong>of</strong> class<br />
– Represent majority <strong>of</strong> total claims in class<br />
– No bad faith claims<br />
• Creditors’ Committee: 60% <strong>of</strong> total value <strong>of</strong><br />
Class 1 creditors
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