Former WIS Holding announces results of voting on plan of liquidation

By Caroline Salls

Pittsburgh, Jan. 31 – SIW Holding Co., Inc., formerly WIS Holding Co., Inc., filed the voting results for its second amended plan of liquidation, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The plan was accepted by the one holder of the $66.57 million Hose claim, the one holder of the $60.3 million Arispe claim, the one holder of $112,441 in Rabbi trust claim and the one holder of the $123.77 million purchaser claim.

Meanwhile, the plan was rejected by both voting holders of $270,125 in general unsecured claims.

The plan confirmation hearing is scheduled for Feb. 4.

San Diego-based WIS Holding and its operating subsidiaries provided outsourced physical inventory verification and retail merchandising services throughout the United States and internationally. The company filed bankruptcy on July 2, 2018 under Chapter 11 case number 18-11579.

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