Former Thompson Publishing's plan accepted by most voting creditors

By Caroline Salls

Pittsburgh, May 9 - TPH Seller, Inc.'s plan of liquidation was accepted by a majority of voting creditors, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

All 10 holders of $35.68 million of allowed deficiency claims of first-lien secured parties voted to accept the plan.

In addition, 17 holders, or 89.47% in number, of $138,134, or 88.09% in amount, of general unsecured claims voted to accept the plan, while two holders, or 10.53% in number, of $18,679, or 11.91% in amount, of these claims voted to reject it.

The plan confirmation hearing is scheduled for Wednesday.

TPH Seller was formerly Thompson Publishing Holding Co., Inc., a Tampa, Fla., publishing company that filed for bankruptcy on Sept. 21, 2010. The Chapter 11 case number is 10-13070.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.