*NEWS*LATEST ON DAISYTEK’S CHAPTER 11

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*NEWS*LATEST ON DAISYTEK’S CHAPTER 11

 user 2003-12-04 at 9:34:00 am Views: 67
  • #8082

    Headline: Daisytek files Chapter 11 plan and disclosure statement

    3 December 2003 – Allen (TX): Daisytek International has filed its proposed plan and disclosure statement with the US Bankruptcy Court for the Northern District of Texas.

    The plan “contemplates the transfer of Daisytek’s remaining assets to a creditors trust which will oversee the winding up of operations of the debtors and make distributions to holders of allowed claims”. It does not “contemplate any distribution for holders of equity interests in Daisytek International”.

    The plan was formulated through discussion with the Official Unsecured Creditors Committee. Confirmation of the plan is anticipated by mid-February 2004.