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Sungard Chapter 11 plan is effective as of Thursday
Chicago, Nov. 10 – Sungard AS’s Chapter 11 plan is effective as of Thursday, according to a notice filed with the U.S. Bankruptcy Court for the Southern District of Texas.
The plan was approved in mid-October.
Administrative claims are due in the next 30 days and professional fee claims are due in the next 45 days.
Sungard is a Wayne, Pa.-based provider of disaster recovery services, managed IT services, information availability consulting services and business continuity management software. The company filed bankruptcy on April 11, 2022 under Chapter 11 case number 22-90018.
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