Hayes Lemmerz Issues Exit Plan For Creditor Vote

Law360, New York (September 1, 2009, 4:19 PM EDT) -- With unsecured creditors coming around at the last minute to support its revised reorganization plan, bankrupt wheel maker Hayes Lemmerz International Inc. reportedly submitted for creditor approval on Tuesday its proposed blueprint for emerging from Chapter 11 protection for the second time this decade.

The U.S. Bankruptcy Court for the District of Delaware gave Hayes Lemmerz the go-ahead to take its amended reorganization plan and disclosure statement to creditors for a vote, Reuters reported, following the official committee of unsecured creditors' agreement dropping objections to Hayes...
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