Bankruptcy Court Confirms Liquidation Plan Of Gulfstream International Group Inc.

The U.S. Bankruptcy Court for the Southern District of Florida Sept. 2 confirmed Gulfstream International Group Inc.’s amended liquidation plan (In re Gulfstream International Group Inc.).

The company filed for Chapter 11 protection Nov. 4, at which time the company expected its operations to be unaffected by its bankruptcy filing (22 BBLR 1537, 11/18/10). The debtor’s liquidation plan provides for the distribution of substantially all of the $600,000 acquired from the pre-confirmation sale of the debtor’s assets, according to the disclosure statement filed along with the plan.

Gulfstream Acquisition Group Inc. was formed in December 2005 to purchase Gulfstream ...