Creditors Stand Behind Kimball Hill Liquidation Plan

Law360, New York (March 5, 2009, 12:00 AM EST) -- Creditors for Kimball Hill Inc. have endorsed the bankrupt homebuilder’s plan of liquidation, clearing the stage for the plan’s confirmation hearing Monday.

On Wednesday, Kimball urged Judge Susan Pierson Sonderby of the U.S. Bankruptcy Court for the Northern District of Illinois to confirm the plan, noting foursquare support for the plan among the prepetition senior secured lenders and the official committee of unsecured creditors.

By the time the voting deadline for the plan tolled on Feb. 27, eligible parties voiced almost unanimous support for the plan,...
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