Enron Creditors Recovery Corp.'s sole mission is to reorganize and liquidate the remaining operations and assets of Enron following one of the largest and most complex bankruptcies in U.S. history.
Confirmation Order Including Debtors' Supplemental Modified Fifth Amended Chapter 11 Plan and Post-Confirmation Status Reports |
Tittle/DOL Settlement Update |
Latest Distribution Information |
On July 15, 2004, the United States Bankruptcy Court for
the Southern District of New York entered an order (the "Confirmation
Order") confirming the Supplemental Modified Fifth Amended Joint Plan
of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy
Code (the "Plan"). The Plan is attached to the Confirmation Order
as an exhibit. The Bankruptcy Court also entered its Findings of Fact and
Conclusions of Law Confirming Supplemental Modified Fifth Amended Joint
Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy
Code, and Related Relief (the "Findings and Conclusions"). Pursuant
to the Plan, the Debtors continue to file Post-Confirmation Status Reports
on a quarterly basis. Click on the Post-Confirmation Status Report link
below to view the most recent report.
|
|
Enron Creditors Recovery Corp. distributed more than $50 million to creditors in October 2009, bringing the total amount recovered to date to $21.598 billion. There are a limited number of pending litigation and collection matters that may affect the timing of the closure of the Enron bankruptcy case and payment of remaining funds to creditors. Based upon the likely timing of the expected resolution of these remaining matters, the cost of making distributions, and the funds on hand at this time, the Plan Administrator will distribute the remaining available funds and collections related to the remaining matters at the time of closure of the Enron bankruptcy case in lieu of further interim distributions. Therefore, there will be no distribution in April 2010.
Latest News
|
| More | More | |
ECRC Reaches Settlement with Citigroup in MegaClaims Litigations. |
||
| Citigroup has agreed to pay $1.660 billion in cash to settle litigation and to waive and release additional claims reserved for billions of dollars; please click here to view the settlement agreement. ECRC now expects to be able to distribute $6 billion to ECRC's creditors in near term. Please click here to read the press release regarding the settlement. All relevant motions, including exhibits, along with the notice of the hearing, are available on here. | ||
NOTE: The information contained on this site is a summary of information derived from the pleadings filed in the cases initiated by Enron Creditors Recovery Corp. and the reports of the Bankruptcy Examiner and is provided for information purposes only. Please refer to the complaints and other relevant documents for specific and complete information regarding Enron's ongoing litigation.








