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Published on 4/13/2010 in the Prospect News Distressed Debt Daily.

Heartland Publications plan unanimously approved by voting creditors

By Caroline Salls

Pittsburgh, April 13 - Heartland Publications, LLC's plan of reorganization was unanimously approved by voting creditors, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 12 holders of $79.53 million in first-lien claims and all five holders of $41 million in second-lien claims voted to accept the plan.

The plan confirmation hearing is scheduled for Friday.

Heartland, a Clinton, Conn.-based newspaper operator, filed for bankruptcy on Dec. 21. Its Chapter 11 case number is 09-14459.


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