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Mentor creditors support scheme of arrangement

Creditors of insolvent Mentor Insurance have given near unanimous support to a proposed “scheme of arrangement” under which the bulk of the company’s $175 million of remaining assets are to be distributed by the end of 1994.
Of 277 creditors represented at a brief special meeting here on Tuesday, all but one voted for the scheme. The 276 supporting creditors represented claims against the company to the value of $310 million.