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Open Road liquidation plan accepted by majority of voting creditors
By Caroline Salls
Pittsburgh, Sept. 30 – Open Road Films LLC’s plan of liquidation was accepted by a majority of voting creditors, according to a ballot report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
The plan was accepted by the one holder of $544.5 million in pre-bankruptcy lender claims.
In addition, 27 holders, or 96.34% in number, of $15.03 million, or 99.8% in amount, of general unsecured claims voted to accept the plan, while one holder, or 3.57% in number, of $29,440, or 0.2% in amount, of those claims voted to reject it.
The plan confirmation hearing is scheduled for Oct. 2.
Open Road is a Los Angeles-based film operation. The company filed bankruptcy on Sept. 6, 2018 under Chapter 11 case number 18-12012.
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