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March 19, 2003 at 07:00 PM
NU Online News Service, March 19, 2003, 11:06 a.m. EST – Conseco Inc., Carmel, Ind., is drumming up creditor votes for confirmation of its reorganization plan.
A bankruptcy judge in Chicago cleared the way for the vote Tuesday by approving Conseco’s reorganization plan disclosure statement.
The vote will end May 14, and the bankruptcy court will hold a hearing on confirmation of the plan May 28, Conseco says.
The plan already has won support from Conseco’s bankers, Conseco’s bondholders and the committee representing Conseco’s unsecured creditors, Conseco says.
