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In re Derby Dev. Corp.

In re Derby Dev. Corp.

Ruling
Vote for confirmation by mechanics' lienor that was organized by debtor disregarded as made in bad faith.
Procedural posture

A bankruptcy debtor proposed a plan of reorganization which a mechanic's lienor as the sole member of an impaired class of creditors voted to accept. A creditor moved to disregard the vote of the lienor as not voted in good faith pursuant to 11 U.S.C.S. § 1126(e).

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Commercial opinion summary, case decided on June 28, 2012 , LexisNexis #0912-135