Bankrupt Orchard Supply Gets Nod For Ch. 11 Plan

Law360, Wilmington (December 20, 2013, 5:13 PM EST) -- A Delaware bankruptcy judge on Friday gave his blessing to Orchard Supply Hardware Stores Corp.'s Chapter 11 plan after the debtor's estate resolved objections from parties including the Internal Revenue Service.

At a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi agreed to confirm the liquidation plan, which distributes the estate's assets among creditors of the home and garden store chain.

“I'm pleased and happy to sign the order,” Judge Sontchi said.

The plan, developed after extensive negotiations with lenders and the committee of unsecured...
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