Advanta Seeks OK For Liquidation-Heavy Ch. 11 Plan
Any remaining objections to its plan lack merit, Advanta said Tuesday in a filing in the U.S. Bankruptcy Court for the District of Delaware.
Under Advanta's plan for its reorganization, most of its assets will go into six liquidating trusts for distribution to stakeholders.
A seventh trust will hold stock in a reorganized Advanta, along with its subsidiaries; own a portion of...
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