The fate of some Cetera Financial Group advisors' savings, totaling somewhat "less than $100 million" in deferred compensation accounts, rests in the hands of a bankruptcy judge.
However, Cetera is assuring advisors that their savings will not be wiped out by its reorganization, thanks to its pre-packaged Chapter 11 bankruptcy plan, which is supported by 86% of its creditors, according to a court filing.
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