Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lee Steel Corp. > News item |
Lee Steel liquidation plan accepted by majority of voting creditors
By Mark Reccek
Bethlehem, Pa., Nov. 20 – Lee Steel Corp.’s Chapter 11 plan of liquidation was accepted by a majority of voting creditors, according to a Friday filing.
According to the filing, 46 holders, or 97.87%, of $5.3 million in general unsecured claims voted to accept the plan, while one holder, or 2.13%, of $837 voted to reject the plan.
Also, one holder, or 100% of $750,000 in secured claims, voted to accept the plan.
Lee is a Novi, Mich., steel maker that filed for bankruptcy on April 13, 2015. The Chapter 11 case number is 15-45784.
© 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.