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Jones has an allowed unsecured claim against Debtor for $8,000. Debtor's chapter 11plan places Jones in Class 3 (with all unsecured claims) and proposes to

Jones has an allowed unsecured claim against Debtor for $8,000. Debtor's chapter 11plan places Jones in Class 3 (with all unsecured claims) and proposes to pay 25 on the dollar to all Class 3 claims over 5 years (at 5% a year). Debtor's liquidation analysis shows that Class 3 claims would receive 19 on the $ in a liquidation. Jones votes against the plan after receiving disclosure documents. Class 3 votes in favor of the plan by a 3-1 margin. The court confirms Debtor's plan.

What happens to Jones' claim?

Following the same facts as above Jones has checked into the actual vote, and believes that the court erred in its count. The total number of claims in Class 3 is 200, and the total amount of claims in that class is $2 million. The votes that were actually cast were: 90 claims, worth $750,000, in favor; 60 claims, worth $250,000, against. Fifty claims, worth $1 million, did not vote.

Did Class 3 accept the plan?

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