FGIC plan of reorganization unanimously accepted by voting creditors

By Caroline Salls

Pittsburgh, April 13 - FGIC Corp.'s plan of reorganization was unanimously accepted by voting creditors, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, the one holder of $24,125 in plan sponsor intercompany claims voted to accept the plan, as did all 27 holders of $328.03 million in general unsecured claims.

The plan confirmation hearing is scheduled for April 19.

FGIC is a New York-based privately held insurance company. It filed for bankruptcy on Aug. 3, 2010. The Chapter 11 case number is 10-14215.

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