LBIE unsecured creditor scheme to be unveiled by end of June

lehman-brothers

PricewaterhouseCoopers (PwC), the administrator for Lehman Brothers International (Europe) (LBIE), aims to unveil a scheme of arrangement for unsecured creditors by the end of June. The move could see unsecured LBIE creditors begin to receive cash payments from the administrators in 2011.

"An unsecured scheme of arrangement would provide a framework for the valuation and admission of claims against LBIE. We are aiming to consult representatives of the creditors over the coming weeks and months w

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