Of the. Judge sends Zohar liquidation plan to creditors for vote


By Rick Archer (April 6, 2022, 6:01 p.m. EDT) — Zohar Funds got the go-ahead from a Delaware bankruptcy judge on Wednesday to send their Chapter 11 liquidation plan to their creditors for a vote, with bets to deal with the impending sale of MD Helicopters Inc., one of the last remaining companies in the portfolio.

In a brief virtual hearing, Bankruptcy Judge Karen Owens gave final approval to the latest disclosure statement submitted by Zohar III Corp. and its affiliates, which sets a June 1 date for the confirmation hearing of a plan to distribute assets from the sale of Zohar’s portfolio of businesses and draw the four-year-old…

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