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Hancock Fabrics Objection Filed

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ACE American Insurance Company, Illinois Union Insurance Company, ACE Property and Casualty Insurance Company, Indemnity Insurance Company of North America, and Federal Insurance Company, together with each of their affiliates, the ‘Chubb Companies,’ filed with the U.S. Bankruptcy Court an objection to Hancock Fabrics’ First Amended Joint Chapter 11 Plan of Liquidation.

The objection asserts, “The Chubb Companies object to the Disclosure Statement because it lacks adequate information that would enable creditors, including, but not limited to, the Chubb Companies and claimants under the Insurance Programs, to ascertain how their respective claims will be classified and treated, or to make an informed decision about the Amended Plan.”

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