Put our Chapter 11 expertise & analysis to work for you with BankruptcyData's Plan Summary of Armstrong Energy, Inc.'s U.S. Bankruptcy Court-confirmed Third Amended Joint Chapter 11 Plan of Reorganization.
We filter down all of the information to produce a detailed yet easy-to-digest Plan Summary report. This concise synopsis offers a reliable overview of the entire bankruptcy reorganization process without bogging you down with hundreds of pages of "legalese."
Armstrong Energy's Plan Summary explains, "Generally speaking, the Plan: provides for the full and final resolution of all funded debt obligations; designates a Plan Administrator to wind down the Debtors' businesses and affairs; pay and reconcile Claims as provided therein; and administer the Plan in an effective and efficient manner; provides for 100% recoveries for Holders of Allowed Administrative Claims, Priority Tax Claims, Professional Fee Claims, and Other Secured Claims; provides for the distribution of the proceeds of certain unencumbered assets to Holders of General Unsecured Claims; and provides for the Sale Transaction. The Debtors believe that Confirmation of the Plan will avoid the lengthy delay and significant cost of liquidation under chapter 7 of the Bankruptcy Code."