Fleetwood's Ch. 11 Plan Aims To Wrap Up Liquidation

Law360, New York (March 5, 2010, 6:05 PM EST) -- Bankrupt recreational vehicle and prefabricated housing producer Fleetwood Enterprises Inc. has filed a Chapter 11 plan providing for the liquidation of the assets it has yet to sell off, the substantive consolidation of the estates of all 50 Fleetwood debtors and the cancellation of existing equity interests.

Fleetwood filed its plan and disclosure statement Wednesday in the U.S. Bankruptcy Court for the Central District of California, and the court will consider approving the disclosure statement at a hearing slated for April 14.

The plan calls for...
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