The terms of a prepetition subordination agreement between debtor's two primary secured creditors, Wachovia and Blue Ridge, provided inter alia that Blue Ridge authorized Wachovia, as the senior secured party, to take certain actions in Wachovia’s own name and in the name of Blue Ridge, including the right to vote both claims in a Chapter 11 bankruptcy case. Wachovia's right to vote Blue Ridge's claim was upheld.
File:
Date:
12/26/2006