Lehman Brothers Holdings is seeking to confirm a liquidation plan that offers creditors about $61 billion, by November 17, Pensions & Investments reports. The creditors are expected to vote on the plan by October 14.

The New York-based lender, which seeks to raise $61 billion for creditors by selling assets, changed its plan to exit Chapter 11 protection in January this year. A creditor group that includes Paulson & Company and CalPERS has proposed a competing plan.

Click here for the story from Pension & Investments.

Click here for additional coverage from Reuters.