Hoop Holdings' liquidation plan accepted by most voting creditors

By Caroline Salls

Pittsburgh, Dec. 11 - Hoop Holdings, LLC's plan of liquidation was accepted by 100 of 102 voting creditors, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, 100 holders, or 98.04% in number, of $10.87 million, or 96.45% in amount, of the company's general unsecured claims voted to accept the plan.

Meanwhile, two holders, representing 1.94% in number, of $400,145, or 3.55% in amount, of these claims voted to reject the plan.

Hoop's plan confirmation hearing is scheduled for Monday.

Hoop, a Secaucus, N.J., company that designs, contracts to manufacture and sells merchandise under the Disney Store brand name, filed for bankruptcy on March 26, 2008. Hoop's Chapter 11 case number is 08-10544.

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