Rotech Gets OK To Seek Votes On Ch. 11 Plan

Law360, Wilmington (June 13, 2013, 9:37 PM EDT) -- A Delaware bankruptcy judge indicated Thursday that he would approve Rotech Healthcare Inc.'s disclosure statement allowing the company to solicit votes for a proposed Chapter 11 plan that would pay senior creditors in full and engineer a debt-for-equity swap for second-lien lenders.

The statement also says that Orlando-based Rotech will continue its prepetition efforts to market the company for sale, and U.S. Bankruptcy Judge Peter J. Walsh said he would give the statement the green light, pending several revisions pushed for by the official equity committee...
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