Conseco Files Revamp Plan

Conseco Finance Corp., St. Paul, Minn., has filed its proposed plan of reorganization with the U.S. Bankruptcy Court in Chicago.A hearing on the disclosure statement has been set for April 30. The sale of Conseco Finance's assets to CFN Investment Holdings Inc. and GE Consumer Finance, already approved by the court, is the precursor to the plan. "We have worked hard over the past six months to find buyers for the Conseco Finance businesses, and are pleased with our progress thus far," said Chuck Cremens, president and chief executive of Conseco Finance. "The filing of our plan of reorganization is the next step in the process as we work to complete the sales transactions to CFN and GE and maximize the return to our creditors." Conseco can be found on the Internet at http://www.conseco.com.