Florida Reprographics (Tampa, FL) Chapter 11 Bankruptcy (Part 9)

We’ve done eight previous posts on “Reprographics 101” about Florida Reprographics’ Chapter 11 Bankruptcy. If you want to review those earlier posts, enter “Florida Reprographics” in the search window on this blog.

Our last article/post about FR’s BK matter was published on May 10^th, 2011.

This morning, I accessed pacer.gov to see if there have been any additional filings in this matter since the last time I looked on May 10^th, and I did find a filing, on May 11^th, that contained the “confirmation order”, meaning that the “Reorganization Plan, as Modified” was confirmed by the Bankruptcy Court Judge.

Here’s a link you can click-on to read the complete document, if you really want to do that:

http://tinyurl.com/3hdboxa

Here’s a quick look at the title of the document; you also see the “order” issued by the judge:

UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION

In re: FLORIDA REPROGRAPHICS, INC.,

Case No.: 8:10-bk-28642-MGW Chapter 11

ORDER CONFIRMING MODIFIED PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE FOR FLORIDA REPROGRAPHICS, INC. DATED AS OF FEBRUARY 24, 2011

DONE and ORDERED at Tampa, Florida on May 11, 2011

MICHAEL G. WILLIAMSON

United States Bankruptcy Judge

Joel’s comment:

When reviewing the document, I did not find anything I did not expect to find, except for paragraph 4. Evidently, this particular issue was orally argued / discussed during the plan confirmation hearing.

(4) Treatment of Class 5 Unsecured Claim of Christopher W. Charles. As announced in open court at the Confirmation Hearing, the allowed Class 5 unsecured claim of Christopher W. Charles in the amount of $625,191.49 (Claim No. 15) will not participate in the Plan distribution to Class 5 creditors.

This means, I guess, that Chris isn’t going to participate in distributions to unsecured creditors. But, personally, I think this is a moot point anyway ….for, based on the operating reports filed so far, I don’t see how FR is ever going to generate sufficient funds to pay the company’s unsecured creditors.