Maines Paper liquidation plan OK’d by majority of voting creditors

By Caroline Salls

Pittsburgh, Sept. 14 – Maines Paper & Food Service, Inc.’s plan of liquidation was accepted by a majority of voting creditors, according to a ballot report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The one holder of $10.33 million in ABL secured claims voted to accept the plan.

In addition, 92 holders, or 93.93% in number, of $52.43 million, or 99.66% in amount, of unsecured claims voted to accept the plan, while seven holders, or 7.07% in number, of $180,164, or 0.34% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Sept. 16.

Conklin, N.Y.-based Maines operates as an independent foodservice distributor in the United States. The company filed bankruptcy on June 10 under Chapter 11 case number 20-11502.

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