Zenergy Wins Bankruptcy Plan Approval After Creditor Settlement

Zenergy Brands Inc. won bankruptcy court approval of its Chapter 11 liquidation plan after the energy-conservation products and services developer settled a dispute with its principal lenders.

The plan, approved Thursday by Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the Eastern District of Texas, features a $500,000 asset sale to Eco Investments LLC, a company that has some of the same owners as Zenergy.

Another company, ICG Investment Vehicle LLP, is purchasing an energy contract with a Texas school district for $719,000.

The settlement was reached among Zenergy and its affiliates’ bankruptcy estates, the unsecured creditors ...