Quantcast
Channel: Daily Bankrupt Company Updates | Bankrupt Company News
Viewing all articles
Browse latest Browse all 4593

Blue Earth Plan Filed

0
0

Blue Earth filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and related Disclosure Statement.

According to the Disclosure Statement, “The valuation of the Debtors’ assets reflects that there is not sufficient value to pay secured claims in full and also provide distributions to the holders of allowed general unsecured claims from sources other than litigation recoveries. nevertheless, under the plan, general unsecured creditors will receive a onetime payment in an amount of cash equal to forty percent (40%) of such holder’s allowed general unsecured claim following the later of the claims objection deadline and the date such general unsecured claim becomes allowed, plus such holders’ share in litigation trust assets until such claims are paid in full, if sufficient assets exist in the litigation trust to pay such claims in full.”

Read more bankruptcy news.

The post Blue Earth Plan Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


Viewing all articles
Browse latest Browse all 4593

Latest Images

Trending Articles





Latest Images