White Energy Files 3rd Amended Ch. 11 Plan

Law360, New York (July 14, 2010, 5:40 PM EDT) -- White Energy Inc. has filed a third amended Chapter 11 plan of reorganization, resolving several objections the U.S. trustee lodged over distributions and releases regarding unsecured creditors.

The bankrupt ethanol maker filed its plan Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

Under the newly amended plan, all holders of allowed general unsecured claims will receive a distribution regardless of whether they vote in favor of the plan.

Previously, distributions were limited to those unsecured creditors who voted in favor of the plan....
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