Closing the Bankruptcy Case

On January 23, 2019, the Bankruptcy Court entered an order closing the bankruptcy case of Pac Anchor. This means that Pac Anchor is no longer under the supervision of the Bankruptcy Court and the bankrupt case is closed. Pac Anchor will continue to make the payments required under the Plan, but otherwise is free to operate normally.

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Pac Anchor Plan of Reorganization

On December 12, 2018, the court confirmed the Chapter 11 plan of reorganization (the “plan”) proposed by Pac Anchor and the official Committee of Unsecured Creditors. This means the Chapter 11 bankruptcy of Pac Anchor was a complete success.

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