3 Ch. 11 Plans Advance In Fremont Bankruptcy

Law360, New York (January 29, 2010, 5:38 PM EST) -- A judge has approved a trio of disclosure statements in the bankruptcy of mortgage lender Fremont General Corp., setting the stage for a showdown among various restructuring proposals, including those pitched by unsecured creditors, equity holders and investor Ranch Capital LLC.

Judge Erithe A. Smith of the U.S. Bankruptcy Court for the Central District of California issued orders Thursday approving the disclosure statements for plans submitted by the official committee of unsecured creditors and Ranch. Additionally, the judge approved a disclosure statement for a plan proposed...
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