Found April 06, 2012 on The Biz of Baseball:
Mccourt-mccourt
In a sign that the sale of the Dodgers is progressing, the club announced today their debtors that they expect to emerge from their chapter 11 bankruptcy reorganization cases at the end of the month, as has been the plan by the Dodgers and MLB since Frank McCourt and the league agreed to the process of the sale. The reorganization would comes as part of the confirmation hearing which is scheduled for April 13th in the United States Bankruptcy Court, District of Delaware. In filings today with the court, the Dodgers presented several documents including an Amended Plan of Reorganization, a Plan Supplement to the Amended Plan of Reorganization, a Proposed Confirmation Order, and a Memorandum in Support of Confirmation of the Amended Plan. The Dodgers said in a statement, “The amended Plan of Reorganization, among other things, provides for the payment of all allowed claims of creditors in full, includes a substantial distribution for debtors’ equity interest holder, and provides a s...
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