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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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