After two court hearings in the last week, Bankruptcy Judge Steven Rhodes issued his order establishing the procedure for “solicitation and tabulation of voting” on the city’s Plan of Adjustment by its some 176,000 creditors including pensioners.
The deadline for determining which creditors are eligible to vote is April 14. Each eligible creditor will receive a solicitation package, to be sent no later than April 28. That package will include a copy of the Confirmation Hearing Notice, a CD-ROM containing the Plan of Adjustment, the Disclosure Statement and all exhibits, a ballot with return envelope and other relevant materials.
The voting deadline is June 30, with the bankruptcy trial scheduled to begin July 16.
The city has a contract with Kurtzman Carson Consultants, which will handle the mailings, tabulations and other administrative duties. Hired in July 2013, KCC had been paid $608,163 as of March 6, according to Bill Nowling, spokesman for Emergency Manager Kevyn Orr.
Here’s Rhodes’s order: