Epic’s plan of liquidation accepted by majority of voting creditors

By Caroline Salls

Pittsburgh, March 27 – Epic Cos., LLC’s plan of liquidation was accepted by a majority of voting creditors, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

The plan was accepted by the one holder of $50.3 million in pre-bankruptcy senior credit agreement claims.

In addition, 59 holders, or 88.06% in number, of $15.19 million, or 93.07% in amount, of general unsecured claims voted to accept the plan, while eight holders, or 11.94% in number, of $1.13 million, or 6.93% in amount, of those claims voted to reject it.

No ballots were received by creditors in the pre-bankruptcy junior credit agreement claims class.

The plan confirmation hearing is scheduled for April 1.

Epic is a Houston-based full-service provider to the global decommissioning, installation and maintenance markets. The company filed bankruptcy on Aug. 26, 2019 under Chapter 11 case number 19-34752.

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