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Former Radio Shack liquidation plan accepted by majority of voting creditors
By Mark Reccek
Bethlehem, Pa., Sept. 15 – RS Legacy Corp.’s, formerly RadioShack Corp., Chapter 11 plan of liquidation was accepted by a majority of voting creditors, according to a Monday filing.
All four holders of $151.38 million in SCP secured claims voted to accept the plan.
Also, 138 holders, or 88.46%, of $157.39 million in 2019 note claims voted to accept the plan, while 18 holders, or 11.54%, of $401,000 voted to reject the plan.
Additionally, 12 holders, or 85.71%, of $30,168.45 in dark store claims voted to accept the plan, while two holders, or 14.29%, of $2,558.73 voted to reject the plan.
RadioShack is a Fort Worth, Texas-based technology retailer that filed for bankruptcy on Feb. 5, 2015. Its Chapter 11 case number is 15-10197.
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