HMY Roomstore amended plan gains acceptance of 99.56% of unsecured creditors

By Caroline Salls

Pittsburgh, April 19 - HMY Roomstore, Inc.'s amended and restated plan of reorganization was accepted by a majority of voters, with 80 creditors holding $7.23 million in unsecured claims voting to accept the plan and three creditors with $31.90 million voting to reject it.

The ballot certification was filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia by agent Bankruptcy Services LLC employee Bridget Gallerie.

The voters accepting the plan represent 99.56% of the dollar amount of unsecured claims, while the rejecting voters represent 0.44%. The 80 creditors who voted to accept the plan represent 96.39% of the creditors by number, while the three dissenters represent 3.61%.

HMY Roomstore is a Richmond, Va.-based home furnishing retailer that will emerge as the surviving company from Heilig-Meyers Co.'s Chapter 11 case. Heilig-Meyers will be liquidated.

Heilig-Meyers filed for bankruptcy on Aug. 16, 2000 with the U.S. Bankruptcy Court for the Eastern District of Virginia. Its Chapter 11 case number is 00-34533. HMY Roomstore's case number is 00-34536.

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