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FLYi Submits Liquidation Plan

Law360 (November 22, 2006, 12:00 AM EST) -- FLYi Inc., the parent company of bankrupt carrier Independence Air, has once again filed its joint amended Chapter 11 plan of liquidation, having worked out the various objections that cropped up after the plan was initially filed.

Although the company initially submitted the liquidation plan on Nov. 13, a dispute immediately arose about certain claims included in the statement.

While creditors argued that their claims were accurate, FLYi alleged that many of the figures had been inflated, and asked the court to reduce or eliminate several...
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