Replies to post #3210 on Fleetwood Enterprises Inc. (fka FLTWQ)

[specutator]

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.