4Kids Ch. 11 Plan Eyes Full Payout For Unsecured Creditors

Law360, New York (October 5, 2012, 4:56 PM EDT) -- Children's entertainment company 4Kids Entertainment Inc. filed its Chapter 11 plan in New York bankruptcy court Friday, calling for the payment in full of secured and unsecured claims and the preservation of common stock.

The company argues in a disclosure statement accompanying and explaining the plan that it maximizes the value of 4Kids' estate and that any alternative, such as liquidation, would result in delays, additional costs and possible litigation.

“The debtors believe that the plan's contemplated reorganization is in the best interests of their creditors...
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