Proposed Order Designating Votes Pursuant to Section 1126(e) of Bankruptcy Code

This legal template titled "Proposed Order Designating Votes Pursuant to Section 1126(e) of Bankruptcy Code" is a document primarily used in bankruptcy proceedings. It serves as a proposed court order, presenting a plan for the designation of votes under Section 1126(e) of the Bankruptcy Code.

Section 1126(e) of the Bankruptcy Code specifically deals with the voting on a plan of reorganization or a liquidation plan. It allows the court to designate the votes of certain classes of creditors or equity security holders if it is determined that their votes are not in the best interest of the bankruptcy estate or they are acting in bad faith.

This legal template would provide a structure for outlining the court's decision to designate votes in a particular manner. It may include sections detailing the background of the bankruptcy case, the classes of creditors or equity security holders involved, and the specific reasons justifying the need for vote designation.

Furthermore, the template would outline the proposed order itself, specifying how the votes would be designated and any conditions or limitations attached to the designation. It might also incorporate directions for notifying the affected parties about the court's decision, ensuring transparency in the process.

Overall, this legal template is designed to assist attorneys or parties involved in a bankruptcy case in drafting a proposed order that addresses the designation of votes under Section 1126(e) of the Bankruptcy Code.