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Specializing in insolvency and complex commercial matters since 1974

Scrub Island Resort Plan Becomes Effective - January 29, 2015

Following the entry of orders denying motions for stay pending appeal, Scrub Island Development Group Limited and Scrub Island Construction Limited began the implementation of their confirmed plan of reorganization, acquiring (among other things) the desalinization and treatment plants previously owned by a non-debtor entity. The Debtors filed a Notice with the Bankruptcy Court that the Plan had become effective.