Linens 'N Things Liquidation Plan OK'd

Law360, New York (June 15, 2009, 12:00 AM EDT) -- Bankrupt housewares retailer Linens 'n Things won confirmation from a bankruptcy court judge for its third amended plan of reorganization, opening the door to a final liquidation of its remaining assets.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware signed off on the plan on Friday. No effective date was set for the plan, which was first submitted in January.

The company estimated in the disclosure statement that it would have a total of $45 million in administrative claims outstanding...
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