Sirva Strikes Deal With Unsecured Creditors

Law360, New York (May 1, 2008, 12:00 AM EDT) -- Relocation company Sirva Inc. is slightly altering its prearranged reorganization plan in order to appease unsecured creditors and secure a likely confirmation and exit from bankruptcy in the near future, the company has announced.

Sirva, which owns Allied Van Lines, filed an amended plan Wednesday in the U.S. Bankruptcy Court for the Southern District of New York. The revised plan reflects a deal with the Official Committee of Unsecured Creditors, which had objected to the plan Sirva filed in February with its voluntary Chapter 11 petition....
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