AMF Bowling Worldwide Inc. modified its proposed chapter 11 plan to include an offer of about 1 percent to holders of $30 million to $35 million in unsecured claims, the Richmond Times-Dispatch reported today. The bankruptcy court scheduled an April 30 hearing for approval of disclosure materials, according to court records. AMF had wanted the judge to approve disclosure materials at an April 23 hearing. The official creditors’ committee was opposed to having an accelerated hearing for approval of the disclosure statement because the recovery for unsecured creditors had been left blank. Near the end of last week, AMF responded by amending the chapter 11 plan to specify that unsecured creditors will divide $300,000 among themselves.
