Uni-Marts' liquidation plan approved by a majority of creditors

By Caroline Salls

Pittsburgh, Nov. 19 - Uni-Marts, LLC's plan of liquidation was accepted by a majority of voting creditors, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The two holders of $20 in general unsecured claims against the subsidiary debtors both voted to accept the plan.

In addition, 24 holders, or 85.71% in number, of $2.61 million, or 72.07% in amount, of general unsecured claims against Uni-Marts voted to accept the plan, while four holders, or 14.29% in number, of $1.01 million, or 27.93% in amount, of these claims voted to reject it.

A total of nine holders, or 90% in number, of $48,083, or 97.85% in amount, of general unsecured claims against Uni-Marts Ohio voted to accept the plan, while one holder, or 10% in number, of $1,056, or 2.15% in amount, of these claims voted to reject it.

A total of 105 holders, or 91.3% in number, of $160,604, or 91.94% in amount, of convenience claims voted to accept the plan, while 10 holders, or 8.7% in number, of $14,703, or 8.06% in amount, of these claims voted to reject it.

The plan confirmation hearing is scheduled for Nov. 20.

Uni-Marts, a State College, Pa.-based convenience store operator, filed for bankruptcy on May 29, 2008. Its Chapter 11 case number is 08-11037.

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