A bankrupt unit of Classic Car Club Manhattan, a club for that lets members drive its fleet of luxury vehicles, filed a new Chapter 11 plan that would grant some unsecured creditors equity in the reorganized company.
New York Classic Motors LLC’s third amended plan, filed Monday, will require a new creditor vote before the debtor takes another shot at court approval.
But the new version has already gained support from a creditor who rejected the previous plan, said Erica Aisner of Kirby Aisner & Curley LLP, the debtor’s attorney, said at a hearing Tuesday.
The latest revision comes ...
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