Zayat Stables Emerges From Bankruptcy With Promise to Pay 100%
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Zayat Stables LLC, the third-highest earner in North American thoroughbred horse racing last year, will repay creditors in full after emerging from bankruptcy.
The U.S. Bankruptcy Court for the District of New Jersey yesterday approved the company’s reorganization when creditors including Fifth Third Bancorp. voted in favor of the plan.