Over three quarters of the creditors of the Belgian firm L&H - LERNOUT & HAUSPIE have approved the company's recovery plan. The plan presented by the managing director, Philippe Bodson, provides either for the sale of assets of the "vocal and linguistic technologies" division of L&H or for the creation of a new company provisionally called NEWCO, where the assets would be integrated and whose creditors would become shareholders. The company would nonetheless need the injection of at least $100 million to be viable. The president of the business tribunal will decide on 20 June whether the activities of the company will be continued or not. Despite the positive vote of creditors, the latter may judge the guarantees provided by Mr Bodson's plan insufficient and declare bankruptcy. World leader of vocal recognition technologies, L&H has been the victim of serious accounting irregularities.