Free 9 KB - Oregon

INSTRUCTIONS FOR PREPARATION OF LOCAL FORM (LBF) #1181 - SUMMARY OF ACCEPTANCES AND REJECTIONS

The Summary of Acceptances and Rejections Form must be completed using LBF #1181, and must reflect all classes designated in the plan, whether or not ballots were received in each class. If there are no votes in an impaired class, you should be prepared to discuss cram down as to that class at the confirmation hearing. The "% of Dollar Amt. Accepting" and "% of Number Accepting" columns on the form need be completed only if a class is impaired or if there are any rejecting ballots in an unimpaired class. The reason for the latter requirement is so the judge can determine the vote outcome if (s)he disagrees with your conclusion that the class is unimpaired. If the class is unimpaired and there are no rejecting ballots, please write "No rejecting ballots" under the last three columns of the form. When compiling the amount figures, use the allowed amount of each creditor's claim rather than any amount shown on the ballot. The original ballots must be separated and assembled by acceptances and rejections by class, and retained by the plan proponent who must also comply with the requirements to provide copies and/or the originals as certified in LBF #1181.

1181.2 (7/4/04)