Former Orchids Paper plan accepted by majority of voting creditors

By Caroline Salls

Pittsburgh, Dec. 10 – The liquidation plan filed by OPP Liquidating Co., Inc., formerly Orchids Paper Products Co., was accepted by a majority of voting creditors, according to a notice filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the plan was accepted by 29 holders, or 90.62% in number, of $649,745, or 93.09% in amount, of general unsecured claims, and was rejected by three holders, or 9.38% in number, of $48,205, or 6.91% in amount, of those claims.

The plan confirmation hearing is scheduled for Dec. 11.

Orchids, a Brentwood, Tenn.-based maker of consumer tissue products, filed for bankruptcy on April 1, 2019. The Chapter 11 case number is 19-10729.

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