New Stream Creditors Get Nod To Vote On Ch. 11 Plan

Law360, Wilmington (March 12, 2012, 10:27 PM EDT) -- A Delaware bankruptcy judge on Monday gave her blessing to New Stream Secured Capital Inc.'s disclosure statement, clearing creditors to vote on the defunct hedge fund's liquidation plan.

U.S. Bankruptcy Judge Mary F. Walrath said at a court hearing that she would sign off on the statement after it is submitted with additional disclosures made to address the concerns of the U.S. trustee's office. A hearing is set to consider confirmation of the plan on April 23.

The Ridgefield, Conn.-based hedge fund’s plan pays back creditors...
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