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Cliffs Club Wins Permission to Start Polling Creditors on Reorganization Plan

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Bankruptcy Judge John E. Waites on Monday cleared Cliffs Club & Hospitality Group Inc. to begin polling creditors on its chapter 11 plan, which would hand control of the company to an investor consortium led by the Carlile Group, Dow Jones DBR Small Cap reported today. Cliffs Club is set to start soliciting voting creditors by July 9 in advance of an Aug. 1 voting deadline. The confirmation hearing is set for Aug. 6.