Caesars Files Plan Shows No Creditor Recoveries: Bankruptcy
This article is for subscribers only.
Caesars Entertainment Operating Co. filed a proposed reorganization plan Monday evening designed to implement a restructuring the casino owner negotiated with senior secured lenders before filing for bankruptcy in January.
The accompanying disclosure statement, intended to explain the plan, has blank spaces where projected percentage recoveries for the various creditor classes will eventually go. The spaces where claim amounts should be listed are also blank.