Today, the court has filed its order denying the US Trustee’s motion to rescind our Subchapter V election. This is a major win for DigitalTown, and allows us to move forward under Subchapter V of the Bankruptcy code. The benefits of this election have been previously outlined. Please refer to prior blog posts for that information.
The court will shortly advise of rescheduling of plan confirmation, and we will share that information as it becomes available.
A copy of the Order is available below for viewing or download.