At the creditors meeting that was held today as a part of the reorganization for the Company s subsidiaries, the preliminary reorganization plan
was presented by the appointed administrator, Lars SE[micro]derqvist.
In addition to the reorganization plan
including a 100% payment to all creditors of the company, approval of Meruelo Maddux' reorganization plan
would position the company well for its continued investment in the City of Los Angeles.
The total includes at least 169 claims that have been resolved since the bankruptcy was filed in 2004, but won't be paid unless the reorganization plan
is approved, according to court records.
US Airways Chairman and CEO Doug Parker said yesterday that the assumptions underlying Delta Air Lines' standalone reorganization plan
are "out of whack" and that warnings of a US/DL merger being derailed by antitrust issues are "misleading" and "superficial.
Endorsed using "super-preemptory" language to ensure that a reorganization plan
did not affect insurers' rights.
For valid business reasons and pursuant to a reorganization plan
, the target transfers all of its assets to the acquirer in exchange for 70% of the latter's voting stock and 30% cash.
A confirmation hearing with the bankruptcy court on Kmart's reorganization plan
that was expected to be completed by April 16 could continue through about April 23, "because testimonies by people in the company are still continuing," Jack Ferry, a company spokesman, told HFN.
In September 1993, the court confirmed Savin's reorganization plan
, and in December 1993, 16 months after the petition was filed, Savin emerged from bankruptcy.
The Building Congress, Coletti pointed out, has been urging the Army Engineering Corps not to close its New York operations, and he commended the new Defense Secretary for his willingness to reexamine the reorganization plan
David Gal, EVS's Chairman said: "We believe that the reorganization plan
is extremely important in building a strong management team with the skills and experience for leading the Company to meet its new challenges.
has filed a request with the bankruptcy court asking for more time to solicit votes for its reorganization plan
without the threat of other parties filing competing plans.
said that all necessary creditor classes of all eight debtors in the Chapter 11 cases had voted to accept the reorganization plan