April 03, 2014
Electronic Voting Comes to the Bankruptcy Court
Released on PRNewswire a few days ago was a press release about the first bankruptcy court order approving electronic balloting procedures in a Chapter 11 case. Using a system developed by claims agent Upshot Services LLC, the Chapter 11 trustee for Pitt Penn Holding Company, Inc. obtained a court order allowing creditors to complete and submit their ballots using a website interface. Creditors can also use a paper ballot. The voting website is accessible here: http://www.upshotservices.com/pittpennvoting. The order is available here: http://bit.ly/1sbWuAE.See paragraph 20 for the language allowing the claims agent to accept votes by electronic, online transmission.
The advantage of using a system like this are obvious, and given the fact that technologies for obtaining electronic signatures are well established, this is a welcome step in reducing the amount of paper chapter 11 cases can generate. ¶ 8:00 AM
The advantage of using a system like this are obvious, and given the fact that technologies for obtaining electronic signatures are well established, this is a welcome step in reducing the amount of paper chapter 11 cases can generate. ¶ 8:00 AM
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For this system, they send you a personal code, because they have determined your eligibility to vote (your status as a creditor) in some non-electronic way. That sounds fine to me. I get a lot of electronic proxies for company meetings that work the same way.
But I wonder about your statement that 'technologies for obtaining electronic signatures are obvious'. Would that extend to signatures from strangers to the case? Technologies for distributing e-signature codes are readily available. I'm not sure it's the same thing.
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But I wonder about your statement that 'technologies for obtaining electronic signatures are obvious'. Would that extend to signatures from strangers to the case? Technologies for distributing e-signature codes are readily available. I'm not sure it's the same thing.
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