Goody's liquidation plan confirmed by bankruptcy court

By Lisa Kerner

Charlotte, N.C., March 3 - Goody's, LLC's plan of liquidation was confirmed, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

David G. Peek was appointed liquidating agent.

As previously reported, treatment of creditors will include:

• Holders of priority claims will be paid in full in cash;

• Holders of secured claims will either be paid in full in cash or receive the collateral securing their claims;

• Holders of unsecured claims will receive a share of any cash distributions from estate assets; and

• Holders of equity interests will receive no distribution.

Goody's, a Knoxville, Tenn., family apparel retailer, filed for bankruptcy on Jan. 13, 2009. Its Chapter 11 case number is 09-10124.

© 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.