Quirky amended liquidation plan OK’d by majority of voting creditors

By Caroline Salls

Pittsburgh, July 13 – Quirky, Inc.’s first amended joint plan of liquidation was accepted by a majority of voting creditors, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The one holder of a $25.98 million Comerica Bank secured claim voted to accept the plan.

In addition, 74 holders, or 92.5% in number, of $17.18 million, or 94.83% in amount, of general unsecured claims voted to accept the plan, while six holders, or 7.5% in number, of $936,348, or 5.17% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for July 15.

Quirky is a New York-based invention startup company. It filed for bankruptcy on Sept. 22, 2015 under the Chapter 11 case number 15-12596.

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