Bankruptcy Judge Arthur Federman on Thursday cleared AM Pyrotechnics LLC, which makes and choreographs fireworks displays, to get out of bankruptcy protection with a plan to repay some of its debt over five years, Dow Jones Daily Bankruptcy Review reported today. AM Pyrotechnics' reorganization plan said that it plans to use future profit to make quarterly payments to unsecured creditors who will be repaid 35.5 percent of their claims, according to court documents. The quarterly payments will flow to Chinese fireworks supplier Hunan Liuyang Huan Yu. (Global) Co., which sued AM Pyrotechnics in March for an unpaid bill of about $107,000.
