1031 Tax Group's Ch. 11 Plan Gets Green Light

Law360, New York (October 7, 2009, 4:23 PM EDT) -- A bankruptcy judge on Wednesday approved a plan of reorganization for the 1031 Tax Group LLC, and the Chapter 11 trustee and an attorney for jilted creditors said more than $50 million worth of disbursements could begin by year's end.

Wednesday's approval, in the the U.S. Bankruptcy Court for the Southern District of New York, came an hour after approximately $88 million worth of settlements were approved in a first wave of deals connected to the bankruptcy case and a class action pending in the U.S....
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