But the company's new business plan won't be court-approved inMarch 2003 until the chain's unsecured debt load is reduced to $28million from $54 million, based on the newest ruling from JudgeArthur B. Briskman in the Orlando division of U.S. BankruptcyCourt.

Briskman also ordered Planet Hollywood to pay $180,000 tospecial auditor Soneet Kapila, president, Kapila & Co., FortLauderdale, FL for his 57-page, two-month investigative report thatalleges Planet chairman Robert I. Earl and associates had misledshareholders on the company's financial health. Earl denied theallegations and said a pending Securities and Exchange Commissionprobe would clear the company of any alleged wrongdoing.

Planet's unsecured creditors agreed to the company's businessplan this week after Earl promised to collectively pay them $2.4million in claims. Unsecured creditors normally wouldn't receiveanything in most Chapter 11 reorganizations, deputy court clerksfollowing the case tell GlobeSt.com.

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