MF Global Cleared To Collect Votes For Liquidation Plan

Law360, New York (February 19, 2013, 7:22 PM EST) -- A New York bankruptcy judge on Tuesday greenlighted MF Global Holdings Ltd.’s disclosure statement, allowing the parent of the fallen brokerage to begin soliciting votes for its Chapter 11 plan and liquidate the business.

After counsel for MF Global informed the court that it had resolved all outstanding objections to the disclosure statement, U.S. Bankruptcy Judge Martin Glenn gave it his approval at a hearing Tuesday. Assuming creditors vote for the plan, MF Global could see it confirmed in April, ending the Chapter 11 proceedings that...
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