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WIMC Combined Bankruptcy DS/Plan Hearing Approved

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The U.S. Bankruptcy Court issued an order scheduling a combined hearing to consider both Walter Investment Management’s Disclosure Statement and Prepackaged Chapter 11 Plan of Reorganization.

The order states, “The Combined Hearing (at which time the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and Solicitation Procedures, and confirmation of the Prepackaged Plan) will be held before the Honorable James L. Garrity, Jr., United States Bankruptcy Judge…on January 12, 2018 at 10:00 a.m., with objections due on December 29, 2017. The Debtor shall file its brief in support of confirmation of the Prepackaged Plan, and its reply to any objections no later than January 5, 2018 at 2:00 p.m.”

According to documents filed with the Court, WIMC believes that its Chapter 11 case must “proceed in the most expeditious manner permitted by the Bankruptcy Code.” Among other milestones contained in the restructuring support agreements is a January 31, 2018 deadline for Disclosure Statement approval and Plan confirmation.

Read more WIMC bankruptcy news.

The post WIMC Combined Bankruptcy DS/Plan Hearing Approved appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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