Insilco Technologies liquidation plan gets Oct. 6 effective date

By Jeff Pines

Washington, Oct. 20 - The effective date for Insilco Technologies Inc.'s joint amended liquidation plan is Oct. 6, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware Wednesday.

The court approved a liquidating trust agreement last month with one series for secured creditors and another for unsecured creditors.

The liquidation plan was confirmed June 10 with senior lenders expected to recover about 25% and noteholders expected to get a recovery of between 0.5% and 2%.

Insilco, based in Dublin, Ohio, filed for bankruptcy on Dec. 16, 2002. Its Chapter 11 case number is 02-13672.

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