FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (BBX Capital or the Company) announced today that, on June 11, 2021, the United States Bankruptcy Court for the Southern District of Florida (the Bankruptcy Court) announced its intention to enter an order (the Confirmation Order) confirming the plan of reorganization filed by ITSUGAR LLC and its wholly owned subsidiaries (collectively, ITSUGAR) as modified by the Confirmation Order (the Plan). As previously announced, on September 22, 2020, ITSUGAR filed petitions for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (Chapter 11) in the Bankruptcy Court.
ITSUGAR expects that the Confirmation Order will be entered this…
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