Judge Clears Accredited To Seek Ch. 11 Plan Votes

Law360, New York (April 8, 2011, 6:48 PM EDT) -- A Delaware judge on Thursday allowed bankrupt mortgage firm Accredited Home Lenders Holding Co. to begin soliciting creditor votes on a liquidation plan after it revised disclosures about a key settlement of claims related to owner Lone Star Funds.

Judge Mary F. Walrath issued an order approving the disclosure statement in the U.S. Bankruptcy Court for the District of Delaware after the debtor made requested revisions that provide creditors with more information about the settlement. The deal would resolve a host of claims and counterclaims between...
To view the full article, register now.