Le-Nature's New Plan Creates Liquidation Trust

Law360, New York (June 22, 2007, 12:00 AM EDT) -- Creditors of bankrupt drink maker Le-Nature’s Inc. have filed a new reorganization plan in an effort to silence objections to previous plans and quell the dispute over whether the case should be dismissed or converted to a Chapter 7 case.

Le-Nature’s official creditors’ committee, the ad hoc lenders’ committee and the ad hoc noteholders’ committee filed a second amended joint plan of reorganization and disclosure statement on Tuesday in the U.S. Bankruptcy Court for the Western District of Pennsylvania. The new documents added more disclosure, as...
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