23 Nov 2009
TOMAS EARL CONDON V SOUTHLAND BUILDING SOCIETY HC AK CIV 2009-463-306
- Citation
- openlaw-05456e9f_b70e_48c9_9eaa_79ebda08378a.pdf
- Court
- High Court
The secured creditor's entire judgment debt must be taken into account when calculating votes on a creditor's proposal; because that debt was counted the proposal failed to obtain the necessary majority and the creditor's petition for adjudication was granted.