Patriot National Plan Disclosure Statement Approved In Del.

Law360, Wilmington (March 12, 2018, 7:55 PM EDT) -- Bankrupt insurance services provider Patriot National Inc. received court approval Monday in Delaware for a Chapter 11 disclosure statement detailing its proposed plan for a debt-for-equity swap with its secured lenders.

During a hearing in Wilmington, debtor attorney Kathryn A. Coleman of Hughes Hubbard & Reed LLP detailed numerous changes made to the plan documents to address the objections and comments raised by several parties in the case, including the official committee of unsecured creditors and the United States trustee.

The disclosure statement up for approval...
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