When you understand that "liquidation" IS chapter 7 then you'll understand that some details of the current plan may change, but it is not likely that the class definitions will change.
MEMORANDUM OF LAW IN SUPPORT OF CONFIRMATION OF THE THIRD AMENDED JOINT PLAN OF LIQUIDATION OF FLEETWOOD ENTERPRISES, INC. AND ITS AFFILIATED DEBTORS AND THE OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS DATED JULY 22, 2010
Chapter 11 allows for the reorganization of the company so that it can continue/resume operations and pay its creditors some percentage of what they are owed and they exit bankruptcy with little debt but in tact as a company.
A liquidation is the selling of all assets of the company and distributing what remains to the creditors.
Fleetwood from what I read, has already sold their assets so the only objection to the plan has to be the distribution and if a creditor is complaining that they deserve more, obviously that means less for everyone else.
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