Enron Amends Chapter 11 Plan
From Reuters
Enron Corp. said that it filed an amended joint Chapter 11 plan and disclosure plan with the U.S. Bankruptcy Court, updating the estimated recoveries for more than 350 classes of creditors holding unsecured debt.
Houston-based Enron, which filed for bankruptcy protection in December 2001, now estimates Enron Corp. debt holders will recover 16.6 cents on the dollar, Enron North America debt holders will recover 19.5% and Enron Power Marketing Inc. creditors will see net recovery of 22.5%.
The Manhattan Bankruptcy Court is expected to hold a hearing on the disclosure statement in late October.
