Advanced Marketing Services Files Amended Plan

Law360, New York (September 21, 2007, 12:00 AM EDT) -- Advanced Marketing Services Inc. has filed its first amended plan of liquidation, which calls for the debtors to continue winding down their businesses and merge as of the plan's effective date.

On Thursday, AMS filed the amended plan jointly with its official committee of unsecured creditors in the U.S. Bankruptcy Court for the District of Delaware. On or immediately following the plan's effective date, the bankrupt book marketer will merge with fellow debtors Publishers Group Inc. and Publishers Group West Inc., according to the plan....
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