Former Associated Wholesalers’ plan accepted by most voting creditors

By Caroline Salls

Pittsburgh, Sept. 28 – The plan of liquidation of ADI Liquidation, Inc., formerly Associated Wholesalers, Inc., was accepted by a majority of voting creditors, including unanimous acceptance by two of four voting classes, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The plan was accepted by all 167 holders of $10.12 million of vendor claims against the Associated Wholesaler debtors and all 101 holders of $10.38 million of claims against the White Rose, Inc. debtors.

In addition, 186 holders, or 98.41% in number, of $24.92 million, or 99.92% in amount, of general unsecured claims against the Associated Wholesaler debtors voted to accept the plan, while three holders, or 1.59% in number, of $20,587, or 0.08% in amount, of those claims voted to reject it.

Also, 53 holders, or 98.15% in number, of $22.11 million, or 99.999% in amount, of general unsecured claims against the White Rose debtors voted to accept the plan, while one holder, or 1.85% in number, of $152, or 0.0001% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Friday.

Associated Wholesalers is a cooperative food distributor and equipment retailer based in Robesonia, Pa., that filed for bankruptcy on Sept. 9, 2014. The Chapter 11 case number is 14-12092.

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