Insilco liquidation plan gets confirmation

By Jeff Pines

Washington, June 14 - Insilco Technologies Inc.'s liquidation plan was confirmed, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Noteholders are expected to recover 0.5% to 2% of the value of their claim under the plan, according to the Dublin, Ohio, company's disclosure statement. Senior lenders have agreed to a recovery of 25%.

Insilco, which manufactured electronic components and systems, filed for bankruptcy on Dec. 16, 2002. Its Chapter 11 case number is 02-13672.

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