Houston-based geophysical seismic company Seitel, Inc. obtained Bankruptcy Court confirmation of its chapter 11 reorganization plan in Delaware yesterday. Seitel filed a chapter 11 case last year after a change in accounting rules relating to valuation of its library of geophysical seismic resulted in a substantial writedown in the value of that library, which is the company’s main asset. The case was also spiced by some colorful allegations regarding the company’s former CEO, and Warren Buffet‘s failed takeover attempt during the chapter 11 case.