Reuters: Bankruptcy News: MF Global's liquidation plan approved by bankruptcy court

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

MF Global's liquidation plan approved by bankruptcy court Apr 5th 2013, 16:05 April 5 | Fri Apr 5, 2013 12:05pm EDT April 5 (Reuters) - MF Global on Friday gained court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in 2011. The commodities brokerage, run by former New Jersey Governor Jon Corzine, collapsed after investors were spooked by its exposure to European sovereign debt. Friday's approval marks a major step in ending the massive Chapter 11, as MF Global can now take steps to implement the plan and pay creditors.

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