MC Sports plan of liquidation OK’d by majority of voting creditors

By Caroline Salls

Pittsburgh, Sept. 6 – The plan of liquidation for Michigan Sporting Goods Distributors, Inc., which does business as MC Sports, was accepted by a majority of voting creditors, according to a ballot report filed Wednesday with the U.S. Bankruptcy Court for the Western District of Michigan.

Specifically, 156 holders, or 93.98% in number, of $20.24 million, or 95% in amount, of general unsecured claims voted to accept the plan, while 10 holders, or 6.02% in number, of $1.07 million, or 5% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Sept. 8.

The Grand Rapids, Mich.-based sporting goods retailer filed for bankruptcy on Feb. 14, 2017 under Chapter 11 case number 17-00612.

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