People's Choice Amends Reorganization Plan

Law360, New York (March 31, 2008, 12:00 AM EDT) -- Just a few weeks after filing its Chapter 11 reorganization plan and disclosure statement, People's Choice Home Loan Inc. has made a series of minor changes to the documents, filing an amended plan detailing the distribution of the company's assets.

In documents filed Friday in the U.S. Bankruptcy Court for the Central District of California, People's Choice made a series of alterations to its plans for liquidating its remaining funds.

The changes modify the terms of the company's three liquidating trusts, which will be established for...
To view the full article, register now.