Palm Harbor Homes name change to PHH Liquidation Trust approved

By Jim Witters

Wilmington, Del., Oct. 20 - Palm Harbor Homes, Inc. received court approval to change its name and the name of its case to PHH Liquidation Trust, according to documents filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, substantially all of Palm Harbor's assets were sold in February to stalking horse bidder Fleetwood Homes Inc., an affiliate of Cavco Industries Inc., for $83.9 million. The court approved the sale on March 4, 2011.

The liquidation plan calls for the formation of a post-consummation trust to administer the remaining assets.

A liquidation plan confirmation hearing is scheduled for 1 p.m. ET Nov. 17.

Palm Harbor Homes, a Dallas-based maker of multi-section manufactured and modular homes, filed for bankruptcy on Nov. 29, 2010. The Chapter 11 case number is 10-13850.

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