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Article: Enron Files Its Reorganization Plan; Creditors Discover How Much They'll Get.

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Knight Ridder/Tribune Business News
Article date:
July 11, 2003
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By Eric Berger, Houston Chronicle Knight Ridder/Tribune Business News

Jul. 11--Culminating 19 months of work on the costliest and most complex bankruptcy ever, Enron filed its plan of reorganization early this morning.

The plan details the recovery in cash and stock in selected assets that more than 350 classes of creditors will receive for their claims against Enron.

Unsecured creditors of Enron Corp. itself, the corporate parent for the company, will receive 14.4 cents on the dollar for their debt.

Holders of priority tax claims, including Harris County and some local school districts, will receive full payment in cash for their ...

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