Bankr. E.D.N.C.: In re Isha Homes, L.L.C.- Extension of Time to Obtain Ballots from a Class in Chapter 11

Summary: While the secured classes in the Chapter 11  accepted the plan, none of the unsecured creditors cast ballots and the class was deemed to have rejected the plan.  The Debtor was, however, given an additional 14 days to obtain ballots.  Otherwise, the Debtor would be allowed to file an amended plan, where the principal could purchase the equity interest in the Debtor. For a copy of the opinion, please see: Isha Homes, L.L.C.- Extension of Time to Obtain Ballots from a Class in Chapter 11.PDF