The Form B14, albeit moderately technical in nature, serves as an essential vehicle towards facilitating structured proceedings within Chapter 11 bankruptcy cases, especially within the Central District of California. Crafted and revised by the USBC in July 1998, this form embodies a critical communication tool between the parties involved in a reorganization plan and the court. It requires detailed information about the attorney or party, including their name, address, telephone and fax numbers, and California State Bar Number, ensuring a straightforward identification process for court use. The form is primarily employed by the attorney for the plan proponent, which may range from Debtor in Possession to Creditors’ Committee or a specific debtor, to garner votes from creditors and equity interest holders regarding the acceptance or rejection of a proposed reorganization plan. What sets this form apart is its multifaceted approach in addressing the court's approval of the Disclosure Statement, underscoring that such approval does not signify an endorsement of the plan itself. It emphasizes the necessity for holders of claims or equity interests to thoroughly review both the Disclosure Statement and the plan, and to consider seeking legal advice to fully understand their classification and treatment under the plan before casting their vote. Additionally, the Form B14 outlines clear instructions for ballot submission, stipulates the binding nature of a confirmed plan on all parties regardless of their voting status, and meticulously guides how to document one’s claim or equity interest, ensuring the process is both comprehensive and exact.
Question | Answer |
---|---|
Form Name | Form B14 |
Form Length | 3 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 45 sec |
Other names | B14 central district california bankruptcy form b14 ballot |
FORM B14 - (REV. 7/98) |
1998 USBC, CENTRAL DISTRICT OF CALIFORNIA |
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Attorney or Party Name, Address, Telephone & FAX Numbers, and California State Bar Number |
FOR COURT USE ONLY |
ΘAttorney for Plan Proponent ______________________________
[Insert name and capacity (e.g., Debtor in Possession, Creditors’ Committee, Debtor XYZ, etc.)]
UNITED STATES BANKRUPTCY COURT |
CHAPTER 11 |
CENTRAL DISTRICT OF CALIFORNIA |
CASE NO.: |
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In re: |
DATE: |
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TIME: |
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Debtor. |
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CTRM: |
BALLOT FOR ACCEPTING OR REJECTING PLAN
1.Proponent of Plan [specify name] ________________________________ has filed a Plan of Reorganization (“Plan”) on [date] _______________ for the Debtor in this case. By this ballot you will vote to accept or reject this Plan.
2.The Court has approved a Disclosure Statement with respect to the Plan. The Disclosure Statement provides information to assist you in deciding how to vote your ballot. If you do not have a Disclosure Statement, you may obtain a copy from the proponent or proponent’s attorney at the address set forth above. Court approval of the Disclosure Statement does not indicate approval of the Plan by the Court.
3.You should review the Disclosure Statement and the Plan before you vote. You may wish to seek legal advice concerning the Plan and your classification and treatment under the Plan.
Your [check one box only] ” claim ” equity interest has been placed in Class [insert Class] ___ under the Plan. If you hold claim(s) or equity interest(s) in more than one Class, you will receive a ballot for each Class in which you are entitled to vote.
4.If your ballot is not received by the proponent’s attorney or other party [insert other party’s name and address]
__________________________________________________________________ on or before _______________, and such deadline is not extended, your vote will not count as either an acceptance or rejection of the Plan, unless the Judge otherwise determines that a
5.If the Plan is confirmed by the Bankruptcy Court, it will be binding on you whether or not you vote.
ACCEPTANCE OR REJECTION OF THE PLAN
6. Complete the appropriate line below that describes your claim or equity interest [select only one]:
‘ 6.1 |
The undersigned is the holder of a Class [insert Class] ___ |
[check one] |
” secured ” priority ” unsecured |
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nonpriority claim against the Debtor in the unpaid amount of $ ____________. |
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‘ 6.2 |
The undersigned is the holder of a Class [insert Class] ___ |
[check one] |
” bond ” debenture ” debt security |
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claim against the Debtor, consisting of $____________, principal amount of [describe bond, debenture, or other debt |
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security] ____________________________________________________ of the Debtor. (For purposes of this |
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Ballot, you should not adjust the principal amount for any accrued or unmatured interest.) |
‘6.3 The undersigned is the holder of a Class [insert Class] ___ equity interest in the Debtor, consisting of [number of shares] ____ or other interests [describe equity interest] ____________________________________ in the Debtor.
Other Classes: |
” See Attached Continuation Page |
Rev. 7/98 |
FORM B14 |
FORM B14 (CONTINUED) - (REV. 7/98) |
1998 USBC, CENTRAL DISTRICT OF CALIFORNIA |
Ballot for Accepting or Rejecting Plan - Page Two of Three
In re: |
(SHORT TITLE) |
CHAPTER 11
Debtor. CASE NO.:
7.The undersigned [check one box only]:
‘ ACCEPTS THE PLAN |
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REJECTS THE PLAN |
Dated:_______________ |
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Name [Print or type]: |
__________________________________________ |
Signature: |
__________________________________________ |
Title [if corporation or partnership]: |
__________________________________________ |
Address: |
__________________________________________ |
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__________________________________________ |
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__________________________________________ |
Telephone No.: |
__________________________________________ |
Fax No.: |
__________________________________________ |
RETURN THIS BALLOT TO:
[Type in name and address of proponent’s attorney or other appropriate party]
Rev. 7/98 |
FORM B14 |
FORM B14 (CONTINUED) - (REV. 7/98) |
1998 USBC, CENTRAL DISTRICT OF CALIFORNIA |
Ballot for Accepting or Rejecting Plan - Page Three of Three
In re: |
(SHORT TITLE) |
CHAPTER 11
Debtor. CASE NO.:
PROOF OF SERVICE
STATE OF CALIFORNIA
COUNTY OF ____________________________
1.I am employed in the County of ____________________________, State of California. I am over the age of 18 and not a party to the within action. My business address is as follows:
2.Regular Mail Service:
On [insert date] _________________, I served the document described as: BALLOT FOR ACCEPTING OR REJECTING PLAN on the interested parties at their last known address in this action by placing a true and correct copy thereof in a sealed envelope with postage thereon fully prepaid in the United States Mail at
_______________________, California, addressed as set forth below.
qAddresses continued on attached page
I declare under penalty of perjury, under the laws of the United States of America, that the foregoing is true and correct.
Dated:
________________________________________ |
___________________________________________ |
Type Name |
Signature |
Rev. 7/98 |
FORM B14 |