Bankruptcy Judge Sean Lane on Friday said that creditors can vote on Arcapita Bank 's proposal to wind itself down and sell off its assets, a plan that has support among many of the creditors the Bahraini investment bank plans to pay back, Dow Jones Daily Bankrutpcy Review reported today. The latest version of the proposal had two main changes: one that creates a new entity that would retain Arcapita's management and handle the company's back-office functions and another that sets a minimum valuation for the company's assets that, if met, would allow the company to sell.
