Skip to main content

Nearly All Creditors Support MF Globals Repayment Plan

Submitted by webadmin on

The creditors of MF Global Holdings Ltd. overwhelmingly approved the failed brokerage firm's liquidation plan, as the company moves closer to a judge's final approval of that proposal, Dow Jones Daily Bankruptcy Review reported today. MF Global said in a court filing on Monday that in all but two of the classes allowed to vote on the proposal, 100 percent said yes. The only two classes of voters that did not accept it at 100 percent ratified it at 99.97 and 86.92 percent, respectively.