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Advanced Marketing's Liquidation Plan Confirmed

Law360 (November 15, 2007, 12:00 AM EST) -- A judge has confirmed the liquidation plan of Advanced Marketing Services Inc., moving the publishing and book distribution company one step closer to emergence from bankruptcy.

At a hearing Thursday, Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware signed an order confirming the joint Chapter 11 Plan of Liquidation proposed by AMS and its official committee of unsecured creditors.

The approved plan was the third amended version, filed Tuesday in the bankruptcy court by AMS and its creditors. Three previous versions...
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