Newland International Properties Corp. obtains sufficient support from holders of its $220 million Senior Secured Notes due 2014
Newland International Properties Corp. files pre-packaged Chapter 11 plan of reorganizationPanama City, Panama – April 30, 2013 – Newland International Properties, Corp. (“Newland”), has filed a pre-packaged plan of reorganization (the “Plan”) with the United States Bankruptcy Court in the Southern District of New York (the “Bankruptcy Court”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”). Following the voting deadline of April 29, 2013, Newland received 100% of all votes cast as well as a super-majority of all eligible votes in favor of the Plan from the
