Spheris Inc. Liquidation Plan Confirmed

Law360, New York (August 26, 2010, 5:08 PM ET) -- A bankruptcy judge signed off on the Chapter 11 liquidation plan of defunct medical documentation technology company Spheris Inc. Thursday after the debtors resolved Internal Revenue Service objections.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware praised all parties involved in the case for reaching compromises and limiting the acrimony that usually accompanies a Chapter 11 liquidation.

“It is very significant to me that a lot of this effort was aimed at retaining employees and jobs,” Judge Gross said. “While we...
To view the full article, register now.