Revco said creditors representing 99.74 percent of claims against it had voted to accept the plan.

The creditors also voted yesterday not to support Eastern in any further requests to withdraw more money until a trustee is named.

Interested creditors then vote for a plan.

Among other things, creditors must vote to approve the plan of reorganization.

On 24 March 2012, the creditors voted to place Air Australia into liquidation.

Though oil prices are near record highs, the creditors voted that Yukos would not be able to continue as a going concern and pay its debts.

A creditor may vote either in person or by proxy.

"I think now many other creditors will vote for an acceleration of default."

The creditors will vote on the deal on Sept. 30.

At a meeting on 30 July 2008 the creditors voted to accept a rescue package put together by the company's new board of trustees.