InVivo Therapeutics’ creditors approve Chapter 11 bankruptcy liquidation plan

InVivo Therapeutics’ creditors voted to approve the company’s Chapter 11 liquidation plan, according to a June 17 declaration filed in the U.S. Bankruptcy Court for the District of Delaware.

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The company initially filed for Chapter 11 bankruptcy protection in February. At that time the company asked the court to continue business practices and a potential sale of assets during the bankruptcy process, according to SEC filings.

InVivo Therapeutics’ implants are designed for patients with acute thoracic spinal cord injuries, according to its website.

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