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Article Date: February 2018
Word Count: 138

Luke’s Locker Files Reorganization Plan

The plan filed in the Eastern District of TX would pay all administrative and priority claims in full although not all would be paid with interest and there would be payout schedules ranging from one to five years. Unsecured creditors would receive no payment under the plan. Nike, which had a secured claim of $2,350,000, will see its claim allowed in the amount of $500,000. In addition, there would ... Log in to view full article.


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