DALLAS - MCorp announced the filing of revised liquidation plans in U.S. bankruptcy court for itself and its two subsidiaries, MCorp Financial Inc. and MCorp Management.

With certain exceptions, the plans contemplate a strict priority payout to senior creditors, followed by junior creditors. Each plan utilizes a liquidating trust, which would be controlled for the first two years by the junior creditors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.