Oil and gas producer Midstates Petroleum Corp. received a bankruptcy judge’s permission Thursday to begin polling creditors on its bankruptcy-exit plan, a plan based on a support agreement negotiated prior to the company’s bankruptcy filing. The permission from Judge David Jones of the U.S. Bankruptcy Court in Houston came over the objection of the committee of unsecured creditors, which argued that the plan is “patently unconfirmable” and shouldn’t go to a vote. Although Judge Jones overruled the objection, he made clear that the committee could make the arguments again when he considers whether to confirm the plan. The permission Thursday approves Midstates’ so-called disclosures statement, a document that a judge must approve as having adequate information to allow creditors to make an informed vote. “Nothing that I have heard has changed my initial assessment of where we are today,” Judge Jones said. “I have read the disclosure statement. I […]