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Saladworks Files Liquidation Plan Based on Sale to Centre Lane

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Saladworks LLC filed a liquidation plan that would pay unsecured creditors in full, less than a month after the company was bought by an affiliate of private-equity firm Centre Lane Partners, Dow Jones Daily Bankruptcy Review reported today. Saladworks in a Wednesday bankruptcy court filing laid out details of its distribution, which it had already said would pay the creditors in cash. The general unsecured creditors, owed between $1 million and $1.8 million, are among several creditor groups being paid off. A hearing on whether creditors can vote on the liquidation has been scheduled for Aug. 5 in Wilmington, Del.