Global Home Files Reorganization Plan

Law360, New York (October 10, 2007, 12:00 AM EDT) -- After a year-and-a-half in Chapter 11, Global Home Products LLC has filed its reorganization plan.

The plan and disclosure statement, which were filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, explain how an $8.5 million cash contribution from Global Home will be paid out to creditors.

The plan was a joint effort between Global Home, its official committee of unsecured creditors and Madeleine LLC, its senior secured creditor, the company said.

The plan and disclosure statement will have to be approved by...
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