Zenergy Brands Inc. received court approval to solicit stakeholder votes on its plan to wind down in bankruptcy and establish a liquidation trust for unsecured creditors.
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the Eastern District of Texas authorized Zenergy to circulate its Chapter 11 plan in a Nov. 20 order, scheduling a plan confirmation hearing for Dec. 28.
The energy conservation servicer and product developer is proposing to liquidate under a plan that would transfer its interest in a managed energy services agreement for an independent school district in Floresville, Texas to Eco Investments LLC.
A committee of unsecured creditors ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.