F. ANNULMENT. PART 5 OF 6.
CREDITORS ACCEPTANCE OF OFFER.
Acceptance requires a YES vote from a majority of voting creditors as long as they represent at least 75% of the claims in dollar value.
IF OFFER IS ACCEPTED.
Your bankruptcy will be annulled immediately .
-your trustee's fees and charges will be paid.
-your creditors will be paid.
All creditors with debts that can be claimed in your bankruptcy are bound by the terms of the offer.
IF YOUR OFFER IS REJECTED.
Your bankruptcy will continue. Your trustee will.
-keep funds covering the expenses and fees of calling the meeting from any deposit.
-refund any money provided for the offer.
VARIATION OF COMPOSITION OR ARRANGEMENT.
Your creditors can agree to vary your composition or arrangement.
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