Ocala Funding liquidation plan unanimously OK'd by voting creditors

By Caroline Salls

Pittsburgh, April 8 - Ocala Funding, LLC's plan of liquidation was unanimously accepted by voting creditors, according to an April 8 filing with the U.S. Bankruptcy Court for the Middle District of Florida.

Specifically, the plan was accepted by all three holders of $1.75 billion in secured claims, the one holder of $12,600 in A/P unsecured claims and all three holders of $2,518,873,958 in general unsecured claims.

The plan confirmation hearing is scheduled for April 12.

Ocala Funding, an Orlando, Fla.-based financing vehicle, filed for bankruptcy on July 10, 2012. Its Chapter 11 case number is 12-04524.

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