Ritz Camera Wins OK For Ch. 11 Liquidation Plan

Law360, New York (April 20, 2010, 4:14 PM EDT) -- The former Ritz Camera Centers Inc. has won approval of its Chapter 11 liquidation plan proposed by debtors and unsecured creditors, clearing the way for the case to wind down after the sale of remaining assets.

Judge Mary F. Walrath said Tuesday that she would approve the second amended joint plan in the U.S. Bankruptcy Court for the District of Delaware, according to attorneys for the debtors.

“The confirmation of the joint plan was the culmination of a successful cooperative effort between the debtor and the...
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