Solar Firm Lumio Ends Creditor Spat, Clearing Way to Liquidate

Lumio Holdings Inc., the bankrupt maker of residential solar panels, cut a deal with unsecured creditors that will pave the way to sell its main business and liquidate everything else, the company said in court Tuesday.

• The creditors dropped their opposition to Lumio’s plan to borrow as much as $8 million to fund the Chapter 11 bankruptcy, a company lawyer told US Bankruptcy Judge J Kate Stickles
• Stickles said she would approve the loan after the company made minor wording changes to the court documents
• Last week, Stickles gave the Utah-based company permission to sell itself to an affiliate ...