Wickes liquidation plan approved by most voting creditors

By Caroline Salls

Pittsburgh, Dec. 7 - Wickes Inc.'s plan of liquidation was approved by a majority of voting creditors, according to a Thursday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

Specifically, 295 holders, or 96.41% in number, of $414,413 in convenience claims, or 96.91% in amount, voted to accept the plan, while 11 holders, or 3.59% in number, of $13,222, or 3.09% in amount, of these claims voted to reject it.

A total of 3,185 holders, or 90.74% in number, of $3,185, or 90.74% in amount, of tort claims voted to accept the plan, while 325 holders, or 9.26% in number, of $325, or 9.26% in amount, of these claims voted to reject it.

Also, 111 holders, or 89.52% in number, of $4.65 million, or 96.49% in amount, of general unsecured claims voted to accept the plan, while 13 holders, or 10.48% in number, of $169,167, or 3.51% in amount, of these claims voted to reject it.

The plan confirmation hearing is scheduled for Dec. 12.

Wickes, a Vernon Hills, Ill.-based supplier of building materials, filed for bankruptcy on Jan. 20, 2004. Its Chapter 11 case number is 04-02221.

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