Defunct law firm LeClairRyan has worked out an agreement with its primary lender to put its bankruptcy in the hands of a court-appointed liquidator.

At a Thursday hearing in Richmond, Virginia, U.S. Bankruptcy judge Kevin R. Huennekens of the Eastern District of Virginia signed off on the arrangement to move the matter from Chapter 11 into Chapter 7 at noon Oct. 4, over the opposition of the acting U.S. trustee for the region.

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