Practice question
A class has P20 million in total registered claims. Twelve small creditors holding P8 million favor the plan, while two holding P12 million oppose it. Explain the vote and why cram-down requires a separate lawful inquiry.
Legal references
- RA 10142 (FRIA), Sections 4, 7, 9, 17-18, 31-35, 64-70 and 115-121: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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