Milagro liquidation plan unanimously accepted by voting creditors

By Mark Reccek

Bethlehem, Pa., Oct. 6 – Milagro Oil & Gas, Inc.'s Chapter 11 plan of liquidation was unanimously accepted by the voting creditors, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

According to the filing, all 66 holders of $198 million in class four notes claims voted to accept the plan.

Milagro is a Houston-based oil and gas company primarily engaged in the acquisition, exploitation, development and production of oil and natural gas reserves. The Chapter 11 case number is 15-11520.

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