Renovate America says resolutions negotiated with all main stakeholders

By Sarah Lizee

Olympia, Wash., Sept. 8 – Renovate America, Inc. said that in the days leading up to its Sept. 10 plan confirmation hearing, it has been able to negotiate resolutions with all of its significant stakeholders, according to court documents filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The company said it has resolved all objections to the plan.

“The plan is consistent with the bankruptcy code, maximizes the value of the debtors’ estate, and provides a source of recovery to as many creditors as possible in these circumstances, including holders of general unsecured claims,” the company said.

Renovate America noted that nine out of 10 of the classes entitled to vote on the plan voted to accept it. The voting deadline was 4 p.m. ET on Aug. 31.

Renovate America is a San Diego-based provider of financing solutions for environmentally friendly home improvement projects. The company filed bankruptcy on Dec. 21, 2020 under Chapter 11 case number 20-13172.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.