DENVER — U.S. Bankruptcy Court Judge Elizabeth E. Brown approved the Chapter 11 liquidation plan of Centrix Financial LLC, making the repayment of creditors, including credit unions possible, following a vote of approval.

The remains of Centrix were sold last February to Kendrick CF Acquisition Inc., which operates under the name Peak5, for about $30 million. Former Centrix CEO Robert Sutton was a founder of Kendrick, and fraud litigation against Sutton may be a chief source of money for waiting creditors. The claims of unsecured creditors amount to more than $100 million. Administrative claims arising from the bankruptcy filing and legal costs amount of some $3.3 million, according to court filings.

If the plan is approved by the committee of Centrix creditors, all seven of the Centrix affiliates will be consolidated into one entity and all assets and liabilities will be combined. Voting will continue through March 4 and Judge Brown will hold a hearing to confirm the final plan ten days later.