Former Haggen’s statement OK’d; plan hearing scheduled for Nov. 14

By Caroline Salls

Pittsburgh, Oct. 4 – HH Liquidation, LLC, formerly Haggen Holdings, LLC, obtained court approval of the disclosure statement for its plan of liquidation, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The plan confirmation hearing is scheduled for Nov. 14.

Under the plan, priority non-tax claims will be paid in full in cash.

Holders of secured claims and general unsecured claims will either receive the collateral securing the claims or be paid in cash in an amount equal to the value of the collateral.

Holders of Albertson’s and Haggen SLB secured claims will be paid in accordance with settlement agreements.

Holders of class A equity interests will receive a share of residual cash and any non-cash assets the plan administrator determines cannot be liquidated.

Holders of other equity interests will receive no distribution.

Based in Bellingham, Wash., Haggen is a supermarket company. It filed for bankruptcy on Sept. 8, 2015 under Chapter 11 case number 15-11874.

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