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Conseco Close To Finishing Reorganization Plan

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NU Online News Service, Jan. 22, 9:51 a.m. – Conseco Inc., Carmel, Ind., says it could file a reorganization plan with the U.S. Bankruptcy Court in Chicago by Jan. 31.

Conseco filed for protection from creditors in December 2002. The company recently announced that it has reached a preliminary agreement with its bondholders and bank lenders about how to restructure its debt load.

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The committee representing Conseco’s unsecured creditors also agrees with Conseco’s decision to file the reorganization plan, Conseco says.