Energy Conversion Devices’ joint plan of liquidation became effective on Aug. 28 and the company has emerged from Chapter 11 protection (In re Energy Conversion Devices Inc., Bankr. E.D. Mich., No. 12-43166 (TJT)).
Asset Sales.
According to a July 31 press release, Energy Conversion Devices and affiliated debtor United Solar Ovonic LLC “completed sales of substantially all of their machinery, equipment, and inventory and are in the process of conducting sales of their intellectual property, real estate holdings, interest in Ovonyx, Inc. and other miscellaneous assets.”
On Aug. 22, the bankruptcy court issued an order authorizing the sale ...
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