Edwin Watts Golf liquidation plan OK’d by majority of voting creditors

By Caroline Salls

Pittsburgh, July 14 – Edwin Watts Golf Shops, LLC’s first amended plan of liquidation was accepted by a majority of voting creditors, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

Voting results by class included the following:

• The one holder of $45.03 million in secured noteholder claims voted to accept the plan;

• A total of two holders, or 66.67% in number, of $5,987, or 99.98% in amount, of miscellaneous secured claims voted to accept the plan, while one holder, or 33.33% in number, of $1 of these claims, or 0.02% in amount, voted to reject it; and

• A total of 73 holders, or 98.65% in number, of $38.99 million, or 99.98% in amount, of general unsecured claims voted to accept the plan, while one holder, or 1.35% in number, of $5,955, or 0.2% in amount, of these claims voted to reject it.

The plan confirmation hearing is scheduled for July 22.

Edwin Watts Golf, a Fort Walton Beach, Fla.-based specialty golf retailer, filed for bankruptcy on Nov. 4, 2013. The Chapter 11 case number is 13-12876.

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