Shane Gets OK For Ch. 11 Plan To Repay Creditors

Law360, New York (November 11, 2010, 3:52 PM EST) -- A federal judge has given the green light to a joint plan of reorganization for bankrupt family-owned jeweler Shane Co. that provides for the continued operation of the business and the payment in full of loans secured by certain of the company's assets.

Judge Howard Tallman of the U.S. Bankruptcy Court for the District of Colorado on Wednesday approved a Sept. 28 plan forwarded by the debtor and the unsecured creditors committee, determining that it met satisfactorily all the necessary provisions of the Bankruptcy Code....
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