Judge OKs Holley's Ch. 11 Disclosure Statement

Law360, New York (April 15, 2010, 6:04 PM EDT) -- A bankruptcy judge has given the green light to bankrupt race car parts supplier Holley Performance Products Holdings Inc.'s disclosure statement, which describes a plan that would see secured creditors make a full or partial recovery but would cancel $11 million in general unsecured claims.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware approved the disclosure statement and solicitation procedures Thursday, ruling that the relief requested in the company's motion seeking approval of Tuesday's amended disclosure statement is in the...
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