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Arcapita Bank and its debtor affiliates have filed a first amended joint plan of reorganisation and a related disclosure statement in their Voluntary Chapter 11 cases in the US. The agreements implemented by the plan allow for the orderly sale of the portfolio investments at a time and price that maximises recoveries for both Arcapita's creditors and its investors. The plan avoids expensive litigation and facilitates a prompt emergence from bankruptcy. A hearing on approval of the proposed disclosure statement related to the amended plan is scheduled before the US Court on April 26. A confirmation hearing date has not yet been scheduled.