Bankruptcy lawyers who are preparing to sell Source Home Entertainment's manufacturing division, which makes 60 percent of U.S. retailers' checkout-counter displays, said that there won't be much left from the sale for unsecured creditors who are owed money by the Florida company, Dow Jones Daily Bankruptcy Review reported today. In a proposed payout plan filed on Monday, Source Home Entertainment lawyers said that unsecured creditors should expect to be repaid less than 1 percent of what they are owed by the company, which filed for bankruptcy after shutting down its magazine- and book-distribution business — its biggest division — and laying off more than 5,000 workers in late May.
