Madoff Feeders' Ch. 11 Plans Cleared For Creditor Vote

Law360, New York (October 6, 2011, 5:17 PM EDT) -- A New York bankruptcy judge on Tuesday approved the disclosure statements explaining the restructuring plans of two Fairfield Greenwich Group affiliates that acted as feeder funds for Bernard L. Madoff's massive Ponzi scheme.

The move allows Greenwich Sentry LP and Greenwich Sentry Partners LP to submit their plans, which they say enjoy broad support, to creditors for approval. Creditors must send their votes on the plans by Nov. 4 and the bankruptcy court will holding a confirmation hearing on Nov. 22, according to the order signed...
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