UPDATE 1-Haights Cross to file for Ch.11 bankruptcy

* Says lenders accept reorganization plan

* Says operations to continue

Jan 5 (Reuters) - Haights Cross Communications Inc [HAIGH.UL], an educational publishing group, said it will file for Chapter 11 bankruptcy as part of a prepackaged reorganization plan, which has been approved by its lenders.

"The company plans to continue operations as normal through the anticipated Chapter 11 case," Chief Executive Paul Crecca said in a statement.

Haights did not disclose when or where it would file for bankruptcy.

Under the plan, the company's general unsecured claims, including those of trade creditors, would be paid in full.

White Plains, New York-based Haights said it reached an agreement with certain lenders in September to cut its debt by about $200 million.

Publishers have been struggling to compete with free online content and a drop in demand as consumers cut discretionary spending. (Reporting by Santosh Nadgir in Bangalore; Editing by Gopakumar Warrier)