Dewey & LeBoeuf is still on track to receive final confirmation of its bankruptcy plan by the end of February after the judge overseeing the firm’s Chapter 11 case approved two key documents late Monday, paving the way for Dewey’s creditors to weigh in.
The so-called disclosure statement and Chapter 11 plan, totaling about 150 pages, lay out how the Dewey estate intends to maximize its remaining assets and how much creditors owed some $600 million can expect to be paid. Recoveries to unsecured creditors are expected to be minimal, according to court hearings.
