Your English writing platform
Discover LudwigExact(33)
A liquidation plan was approved in bankruptcy court in August.
The sale is part of Burnham's announced liquidation plan.
The liquidation plan describes how the estate will compensate creditors, whose claims total about $550 million.
Dewey's liquidation plan lays out how its estate will compensate creditors, which have claims totaling about $550 million.
That liquidation plan will be presented on Thursday to the federal judge overseeing the company's bankruptcy case.
Judge Glenn's decision to approve the liquidation plan will empower Mr. Freeh to wind down his role in the case.
Similar(27)
Many Hostess fans were sad when news of company's liquidation plans were made public.
But if banks cannot come up with feasible liquidation plans, regulators could order the banks to get rid of businesses.
Bond investors and bank executives are watching to see how the liquidation plans might change how banks fund themselves -in particular, how much debt banks might issue from their holding companies, and how much their operating subsidiaries might issue.
David Fanger, a Moody's senior vice president, said in an interview that debt from the subsidiaries has become more creditworthy as the government has developed liquidation plans to focus on the holding companies.
Regulators have acknowledged that one issue with the liquidation plans replacing too-big-to-fail bailouts is how to coordinate actions with authorities abroad when troubled banks have operations in multiple countries.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com