The company's bankruptcy plan calls for it to emerge in April 2013.

A bankruptcy plan, approved by the same court, can now go ahead.

The bankruptcy plan also creates a second trust to pay for property damage claims.

The "prepackaged" bankruptcy plan will cut the companies' debt in half.

The deal is one of many complex elements of the bankruptcy plan filed late Friday.

They will be worthless if the bankruptcy plan is approved.

"I'd be a little skeptical of that at this point of the bankruptcy plan," he said.

The trust was established this summer as part of Robins's bankruptcy plan.

Creditors are said to like the bankruptcy plan because they believe it could bring a quick resolution to their uncertainty.

The architects of the company's bankruptcy plan had expected the claims to average $25,000.