Administrators tell plans for Lehman Bros. Europe

LONDON (AP) - The administrators of Lehman Brothers business in Europe have disclosed their plan for distributing the bankrupt investment bank's assets to creditors.

Administrators from PriceWaterhouseCoopers said Wednesday that they plan a "consensual approach" which will apply the same standards to all claims by unsecured creditors.

The administrators say they could begin dividing up some 7.3 billion pounds ($10.8 billion) of cash early next year if creditors agree to go along with the plan.

Lehman Brothers collapsed in September 2008, becoming one of the most prominent casualties of the global credit crisis.