Former Haggen plan takes effect; operating company cases dismissed

By Caroline Salls

Pittsburgh, Nov. 21 – HH Liquidation, LLC, formerly Haggen Holdings, LLC, said in a notice filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware that its plan of liquidation took effect on Nov. 20.

The plan was confirmed on 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.

In addition, the Chapter 11 cases of operating company debtors that include HH Operations, LLC; HH Opco South, LLC; HH Opco North, LLC; HH Acquisition, LLC; and HH Legacy, Inc. were dismissed on the plan effective date.

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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