Judge Gives Final OK To Gulfstream Ch. 11 Plan

Law360, New York (September 2, 2011, 3:39 PM EDT) -- A Florida federal bankruptcy judge on Wednesday confirmed Gulfstream International Group Inc.'s Chapter 11 plan and disclosure statement, which calls for the distribution to claim holders of the entire $600,000 from Gulfstream’s asset sale to a private equity group this year.

U.S. Bankruptcy Judge John K. Olson approved the plan following an Aug. 16 confirmation hearing resolving issues raised by several parties. He noted that there were no objections to the plan and that 95 percent of Class 4 general unsecured claimants voted in favor of...
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